Australian Unity Board Case Study

Australian Unity Board is responsible for Group governance: approval of strategies, operating plans, budgets; setting and monitoring Group risk management framework; control and accountability policies/systems. Committees include:
• Audit and Compliance: approves annual internal audit plan; main objective is to oversee the credibility and objectivity of financial reporting and the compliance with obligations; oversees and appraises the quality of audits conducted by both internal/external auditors (e.g. EY financial auditors); determines adequacy of controls and evaluates adherence.
• Risk: oversees risk management framework for identifying, assessing, mitigating and monitoring material risks arising from the business activities; promotes