Financial Audits

The UHB delegates a number of responsibilities to the Audit and Risk Assurance Committee which provides an independent and objective view relating to:

  • The effective operation of internal financial control matters such as the safeguarding of assets.
  • The maintenance of proper accounting records.
  • The reliability of financial information.
  • The Annual Governance Statement included in the Annual Report and Accounts. This is also reported to the Board.
  • Independently monitoring, reviewing and reporting to the Board on the process of governance.


The duties of the Audit and Risk Assurance Committee also include providing assurance to the Board on governance, risk management, counter fraud and internal control; ensuring that there is an effective internal audit function; and reviewing the work and findings of the External Auditor.  Financial Audit Reports can be found here in the Audit and Risk Assurance Committee papers.
 
The Audit and Risk Assurance Committee meets bi-monthly and progress reports of the meetings are submitted to the Board. 

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