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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.  The current ARMC's term of office is coterminous with that of the 7th Governing Authority i.e. from 07 November 2023 to 06 November 2027

Committee support: University Secretariat | govauth@ucd.ie


 ARMC Meeting Schedule 2024/2025

Submission Deadline  Meeting Date

   Wednesday, 14 August 2024

   Wednesday, 11 September 2024, 10 a.m.

 Tuesday, 15 October 2024

Tuesday, 12 November 2024, 10 a.m.

Tuesday, 17 December 2024

Tuesday 14 January 2025, 10 a.m.

Tuesday, 11 February 2025

Tuesday, 11 March 2025, 10 a.m.

Wednesday, 2 April 2025 Wednesday, 30 April 2025, 10 a.m.

Tuesday, 6 May 2025

Tuesday, 27 May 2025, 2 p.m.

Please note these meeting dates and times are subject to change.

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 maters relating to risk management. Where appropriate the Audit and Risk Management Committee will recommend that the Governing Authority approve a recommendation.  

1.2  The Audit and Risk Management Committee will also advise the Governing Authority on the strategic processes deployed by the University Management Team in the delivery of risk, internal control and governance across the University. 

1.3 The Audit and Risk Management Committee will approve maters relating to the scope and programme of internal audit activity within the University. 

Authority

4.1  The Committee must operate within the limits set by the Governing Authority in the Schedule of Reserved Decisions and Delegated Authority.  

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  Audit Coordination
5.6  Risk Management
5.7  Other Matters 

ARMC Terms of Reference (PDF)

Contact the UCD University Secretariat

Tierney Building, University College Dublin, Belfield, Dublin 4, Ireland.
T: +353 (1) 716 1279 (general enquiries) | E: univsec@ucd.ie