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. Originally, ARMC's term of office was for the period 01 February 2019 to 31 January 2024 however the Higher Education Authority Act 2022 amended the Universities Act 1997 and the current ARMC's term will now expire in November 2023.
Committee support: University Secretariat | govauth@ucd.ie
ARMC Meeting Schedule 2023/2024
| Submission Deadline | Meeting Date |
| Tuesday, 22 August 2023 |
Tuesday, 19 September 2023, 10 a.m. |
| Friday, 13 October 2023 |
Wednesday, 15 November 2023, 10 a.m. |
| Friday, 08 December 2023 | Tuesday, 16 January 2024, 10 a.m. |
| Monday, 19 February 2024 | Friday, 15 March 2024, 10 a.m. |
| Tuesday, 28 March 2024 | Tuesday, 30 April 2024, 10 a.m. |
| Wednesday, 01 May 2024 | Monday, 27 May 2024, 10 a.m. |
ARMC Membership
1 February 2019 – November 2023
Isabel Foley (Chair)
Cllr Padraig Conneely
June Butler
Catherine Ghose
Liam McLoughlin
Eoghan Murphy
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