Audit & risk management committee

Wannon Water established an Audit & Risk Management Committee to assist the Board in fulfilling its corporate responsibility in relation to audit and risk management.

Tasks that the Audit & Risk Management Committee target, include:

  • the monitoring of financial and regulatory reporting;
  • performing independent review and assessment of key risks by independent audit;
  • regular reviews of Wannon Water's Risk Management Policy (based on AS/NZS ISO 31000:2009 Risk Management - Principles and Guidelines) and Risk Management Framework;
  • reviewing the adequacy of Wannon Water's Risk Register, associated internal controls and strategies to mitigate or take advantage of the risks; and
  • ensuring that there is suitable framework and process for compliance with legislation, regulations, standards and best practice guidelines.

For further information, please see the Audit & Risk Management Committee Charter.