The Audit Committee monitors the integrity of the financial statements, and reviews significant reporting judgments contained within them; keeps under review the Academy's stewardship of its funds and resources; and advises Council regarding the appointment or reappointment of the external auditors and the audit fee. It agrees the nature and scope of the audit, discusses any problems or reservations arising from the audit and reviews the auditors' management letter. The Committee advises Council on the wording of its corporate governance statement and the internal audit arrangements, and it reviews the risk management arrangements.
Professor Sir Ian Diamond (Chair)
Mr Ian Creagh (External member)
Mr Gerard Hetherington (External member)
Professor April McMahon
Professor Andrew Wallace-Hadrill
(Secretary: Marion Paterson)