In short
The Committee is to provide independent advice to the Secretary on the appropriateness of the department’s:
- financial reporting
- performance reporting
- system of risk oversight and management
- the system of internal control.
The role of the Treasury Audit and Risk Committee is to assist the Secretary in carrying out his statutory responsibilities under the Public Governance, Performance and Accountability Act 2013 and to provide independent advice on the appropriateness of the Treasury’s financial and performance reporting, system of risk oversight and management, system of internal control, and other matters as detailed in the Audit and Risk Committee Charter.