The Audit Committee Evaluation Questionnaire

Section I

Good practice principles for Audit Committees

Principle 1: The role of the Audit Committee

The Audit Committee should support the Board and the Accounting Officer by reviewing the comprehensiveness of assurances in meeting the Board and Accounting Officer’s assurance needs, and reviewing the reliability and integrity of these assurances.

Terms of Reference

1.  1Does the Audit Committee’s role include monitoring and reviewing the executive’s processes for assessing, reporting and owning risks?
2.  2Does the Audit Committee have written terms of reference that adequately and realistically define the Committee’s role?
3.  3Are the Terms of Reference reviewed at least annually by the Board and the Audit Committee, to ensure that the work of the Audit Committee is aligned with good practice and business needs?
4.  4 Do the Terms of Reference include rules for a quorum?
5.  5 Does the Audit Committee meet regularly (at least four times a year), and do meetings coincide with key dates in the financial reporting and audit cycle?
I am empty
I am empty
I am empty
6.  I am empty
7.  I am empty
8.  I am empty
I am empty
9.  I am empty
10.  I am empty
I am empty
11.  I am empty
12.  I am empty
13.  I am empty
I am empty
I am empty
I am empty
I am empty
14.  I am empty
I am empty
I am empty
I am empty
I am empty
I am empty
I am empty
15.  I am empty
I am empty
I am empty
16.  I am empty
17.  I am empty
I am empty
I am empty
I am empty
18.  I am empty
19.  I am empty
20.  I am empty
21.  I am empty
22.  I am empty
23.  I am empty
24.  I am empty
25.  I am empty
26.  I am empty
27.  I am empty
I am empty
28.  I am empty
29.  I am empty
I am empty
30.  I am empty
31.  I am empty
I am empty
32.  I am empty
33.  I am empty
34.  I am empty
I am empty
I am empty
35.  I am empty
I am empty
I am empty
36.  I am empty
37.  I am empty
38.  I am empty
I am empty
I am empty
I am empty
39.  I am empty
40.  I am empty
I am empty
I am empty
I am empty
41.  I am empty
42.  I am empty
43.  I am empty
44.  I am empty
I am empty
45.  I am empty
46.  I am empty
I am empty
47.  I am empty
I am empty
I am empty
I am empty
48.  I am empty
49.  I am empty
50.  I am empty
51.  I am empty
52.  I am empty
53.  I am empty
I am empty