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GOVERNANCE
Queensland Art Gallery Board of Trustees Annual Report 2013–14 67
Audit and Risk Management Committee
The Audit and Risk Management Committee provides
independent assurance and assistance to the Board of
Trustees and the Gallery regarding:
• the internal control structure of the Gallery
• the risk management practices of the Gallery
• the internal and external audit practices of the Gallery
• the financial accountability of the Gallery, as prescribed
under the
Financial Accountability Act 2009
, particularly in
relation to the preparation of annual financial statements
• the compliance of the Gallery with relevant laws,
regulations and government policies.
The committee met four times during the year.
Achievements during the year included:
• review of the 2012–13 Financial Statements
• oversight of the external audit function, including
review of responses to all external audit reports
• oversight of the internal audit function, including
preparation of the Strategic and Annual Audit Plans
and review of all internal audit reports
• review of major policies prepared by the Gallery
with relevance to the role of the committee.
Members of the committee as at 30 June 2014:
Name
Role
Term of
appointment
Number of
meetings attended
Remuneration $
Ross Patane
Chairperson
and Member
from 7/04/14
1
312.50
Professor Susan Street,
AO
Member
since 21/08/12 4
187.50
Elizabeth Pidgeon
Member
from 7/04/14 1
187.50
Rick Wilkinson
Member
from 7/04/14 1
187.50
Other members of the committee during the year included:
Name
Role
Term of
appointment
Number of
meetings attended
Remuneration $
John Lobban
Chairperson
and Member
until 28/02/14 3
Nil
Dr Amanda Bell
Member
until 31/10/13 1
Nil
Peter Young,
AM
Member
until 28/02/14 1
Nil
Total remuneration of $875 was paid to committee members
in 2013–14. No travel costs were payable.
In performing its functions, the Audit and Risk Management
Committee observed the terms of its charter and had due
regard to Queensland Treasury’s Audit Committee Guidelines.