Audit and Risk Management Committee
Audit and Risk Management Committee
The Audit and Risk Management Committee provides independent advice on our:
- financial and performance reporting responsibilities
- risk oversight and management
- system of internal control.
The committee comprises a minimum of five members. The majority of committee members are not departmental officials.
Current ARMC members
As at September 2020.
Ms Maria Storti FCA, FAICD (Chair – external member)
Ms Storti is a former EY partner and has a strong background in audit, systems of control, risk management and performance improvement. She has held senior executive roles across the public, private and not-for-profit sectors. Ms Storti is a Fellow of the Institute of Chartered Accountants Australia and New Zealand, a Fellow of the Australian Institute of Company Directors and a member of the Australian Institute of Internal Auditors. Ms Storti maintains her financial knowledge via continuing professional education requirements.
Ms Karen Toole FCA (external member)
Ms Toole has a strong background in audit and systems of control and has previously worked as a Chief Financial Officer. She has more than 20 years’ experience in finance and risk management, program management, stakeholder management and strategic planning and ICT management. Ms Toole is currently sitting on three other audit committees, is the treasurer of a not-for-profit Board, has good technical knowledge of performance-reporting requirements and relevant Department of Finance guidance, and is well versed in the workings of the department. She has a mix of public, private and not-for-profit sector experience and is a Fellow of the Chartered Accountants Australia and New Zealand. She maintains her financial knowledge via continuing professional education requirements.
Mr Matthew Minogue (external member)
Mr Minogue is a former government lawyer and senior manager with 30 years’ experience in the Australian Public Service. He was formerly First Assistant Secretary, Strategy and Delivery, in the Attorney-General's Department and has held senior positions in several Commonwealth agencies including the Attorney-General's Department and the Department of the Prime Minister and Cabinet. He has experience in strategic management of complex projects and issues, cross agency delivery, risk management and governance, legal issues and legislative reform and policy development. Since leaving the public service, he has focused on audit committee and directorial roles. He holds a Bachelor of Arts and a Bachelor of Laws from the Australian National University.
Ms Kathleen Denley (internal member)
Ms Denley is the Assistant Secretary of the Native Title Unit in the Legal Service Policy Division of the department. She commenced in the department in 2001 and has worked in legal, policy and program areas including legal assistance, legal services, federal offenders, international transfer of prisoners, intercountry adoption, national security and strategy and governance. She has Arts and Law degrees and a Master of Laws.
Ms Alison Durbin (internal member)
Ms Durbin is the First Assistant Secretary of the Employment Conditions Division in the Industrial Relations Group. She has been an SES officer since 2002 and has managed program, policy and contract-management teams across multiple portfolios including in the United Kingdom civil service. She previously sat on the Audit Committee within the Employment and Workplace Relations Portfolio.
The committee’s role is to provide independent advice to the Secretary on the appropriateness of our financial and performance reporting responsibilities, system of risk oversight and management, and system of internal control. The committee’s role is an ongoing monitoring and advisory role.
Under its charter, the ARMC should meet at least five times each year. However, this varies each year to align with variances in performance and financial reporting cycles, as well as the availability of members. Special meetings may also be held to meet the responsibilities of the committee.
A representative from the Australian National Audit Office attends each meeting to observe proceedings and provide feedback on our active external audits.
Our Chief Operating Officer, Chief Financial Officer and internal auditors also attend.