The Finance and Audit Committee (F&A) will oversee all matters concerning:
- the internal control framework and its capacity to safeguard assets from inappropriate use and/or loss and to maintain the integrity of records and reports (audit);
- the risks to which the Club is exposed, the assessed likelihood and potential impact of each risk, the Club’s risk appetite, tolerance and the efficiency and cost effectiveness of the processes which management has implemented to manage those risks (risk management);
- the internal compliance framework and its capacity to ensure legal and regulatory compliance (compliance); and
- the monthly management accounts and annual financial statements, including the suitability of the accounting policies adopted by the Club (reporting).