Audit and Risk Assurance Committee
Matters considered during FY2025/26
Reviewed quarterly reports from Internal Audit, Enterprise Risk Management, Legal and Board Affairs, together with management updates.
Enabled timely identification, assessment and mitigation of risks that could affect member value and organisational sustainability.
Reviewed quarterly Information Technology insight and risk reports.
Strengthened technology governance and cyber resilience.
Reviewed quarterly Real Estate risk assessment reports.
Supported prudent management of the property portfolio and investment risks.
Reviewed contract compliance reports.
Reduced legal, regulatory and reputational risk exposure.
Reviewed Fund Policies status update reports.
Ensured governance frameworks remained current and effective.
Reviewed draft audited financial statements and draft management letter for FY2025/26.
Strengthened transparency, accountability and confidence in financial reporting.
Reviewed the proposed interest rate for FY2025/26.
Supported sound financial stewardship and member value enhancement.
Reviewed legal due diligence reports on proposed investments.
Strengthened investment decision-making and protection of member funds.
Reviewed External Audit Plans for FY2024/25 and FY2025/26.
Enhanced assurance quality and audit effectiveness.
Reviewed the Internal Audit Strategic Plan 2025-2030, FY2025/26 Internal Audit Annual Plan and Balanced Scorecard.
Ensured assurance resources focused on key strategic and operational risks.
Reviewed the FY2026/27 Internal Audit Annual Plan and Balanced Scorecard.
Strengthened future-focused assurance and risk oversight.
Reviewed the Information Technology Audit Report.
Enhanced assurance over technology controls and cyber security.
Reviewed updates to the Business Continuity Management Policy and Disaster Recovery Plan.
Improved operational resilience and preparedness for disruption.
Reviewed updates to the Legal and Board Affairs Policy.
Strengthened governance and legal risk management.
Reviewed updates to the Information Security Policy.
Enhanced protection of information assets and cyber resilience.
Reviewed updates to the Internal Audit Framework, Charter and Internal Audit Manual.
Strengthened assurance effectiveness and governance practices.