Audit and Risk Management Committee

Established as a standing committee of Governing Authority, the Audit and Risk Management Committee (ARMC) is responsible for advising the Governing Authority on the audit of the resources of the University, reviewing the annual financial statements of the University and advising the Governing Authority on risk management issues.  ARMC is currently in office for the period 01 February 2019 to 31 January 2024. 

Show/hide content Open Close All

University Secretariat
email: govauth@ucd.ie

Terms of reference of the Audit and Risk Management Committee:

Purpose

1.1  In  accordance  with  Section  18  of  Chapter  5  of  Statute  25  of  the  University  it  shall  be  the  duty  of  the  Audit  and  Risk  Management  Committee  to  advise  the  Governing  Authority  on  the audit  of  the resources  of  the  University,  to  review  the  annual  financial  statements  of  the  University  and  their  format and to  advise  the  Governing  Authority  on  risk  management issues.

1.2  The  Committee  will  also  advise  the  Governing  Authority  on  the  strategic  processes  for risk,
internal  control  and governance.

Authority

4.1  The  Committee  is  authorised  by  the  Governing  Authority  to  investigate  any  activity  within its terms of reference and to seek any information it requires on that activity from any employee of the University  or  of  its  subsidiaries  and  all  such  employees  are  directed  to  co-­operate  with  the Committee.

4.2  The   Committee   is   authorised   by   the   Governing   Authority   to   obtain   outside   legal   or   other independent  professional  advice  in  accordance  with  the  procedures  for  obtaining  such  advice and to secure the attendance of outsiders with relevant experience and expertise if it considers  this  necessary,  at the  reasonable  expense  of  the University.

Duties

The  duties  of  the  Committee  relate to:  

5.1  Financial  Statements
5.2  External Audit
5.3  Internal Control
5.4  Internal Audit
5.5  Risk Management
5.6  Other Matters

ARMC Terms of Reference

A Manual of the Structure, Code of Practice & Procedures of the Governing Authority of UCD

ARMC Membership

1 February 2019 – 31 January 2024

Isabel Foley (Chair)

Cllr Padraig Conneely

Catherine Ghose

Liam McLoughlin 

Eoghan Murphy 

 

ARMC Meeting Schedule 2021/2022

 

Submission Deadline  Meeting Date

Tuesday, 31 August 2021

Tuesday, 21 September 2021; 10am

Thursday, 28 October 2021

Thursday, 18 November 2021; 10am

Thursday, 16 December 2021

Monday, 31 January 2022; 10am

Monday, 21 February 2022

Monday, 14 March 2022; 10am

Thursday, 31 March 2022

Thursday, 21 April 2022; 10am

Tuesday, 24 May 2022

Tuesday, 14 June 2022; 10am