Skip to main content

Audit and Risk Management Committee

The Audit and Risk Management Committee (ARMC) provides independent advice on our:

  • financial and performance reporting responsibilities
  • risk oversight and management
  • system of internal control.

Membership

The ARMC has a minimum of 3 members, appointed by our Secretary or Chief Operating Officer. The committee’s members are all external to our department. No current members are officials of any Commonwealth entity.

Current ARMC members

As at December 2023.

Ms Storti is a former EY partner with extensive experience in audit, systems of control, risk management and performance measurement and improvement. She has held senior executive roles across the public, private and tertiary education sectors.

Ms Storti is a chartered accountant and a member of the Australian Institute of Internal Auditors, and has a Master of Business Administration. Ms Storti is a Fellow of the Institute of Chartered Accountants Australia and New Zealand and a Fellow of the Australian Institute of Company Directors.

She maintains her financial and risk knowledge through continuing professional development.

Mr Minogue is a former government lawyer and senior executive with more than 30 years’ experience in the Australian Public Service. He has held several senior executive service positions in the APS.

Mr Minogue has extensive experience in legislative reform, policy development and risk management and governance.

With over 35 years’ experience as a Chartered Engineer, including 15 years as a senior executive in the Australian Public Service in national security and law enforcement primarily in Chief Information Officer and Chief Operating Officer positions, Mr Walton has extensive governance experience in the government and not-for-profit sectors including financial and performance reporting, ICT and cyber security, program and project delivery, and risk management. Mr Walton is an independent member of several government audit and risk committees and has experience as the board chair of a not-for-profit organisation.

The ARMC Charter sets out the committee’s:

  • objective
  • authority
  • membership
  • reporting and administrative arrangements.

Body continued

Committee meetings

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.