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The Audit & Risk Committee is an important governance forum that examines any matters related to the financial affairs, legislative and regulatory compliance of the Australian Institute of Project Management. The Committee includes representatives from the Board and representatives from Chapter Congress, tasked with reviewing and making recommendations to the Board in relation to:

  • the effectiveness of reporting financial information to all stakeholders
  • liaising with our external auditors
  • optimising financial investments
  • oversight of internal control systems
  • setting and reviewing our risk management practices
  • compliance with our constitutional documentation and material contracts
  • our compliance framework with applicable laws and regulations 

Key achievements during the year have resulted in:

  • an extensive revision of financial management reporting and performance tracking
  • oversight of a comprehensive review of our budget and forecasting process
  • review and placement of our insurance program
  • revision of our risk framework and reporting
  • monthly oversight of the financial results with periodic recommendations to the Board

Click here to view the AIPM's Audit and Risk Committee Charter