The Audit and Risk Committee (ARC) gives the AUSTRAC CEO independent assurance on the agency’s financial and performance reporting responsibilities and oversight and management of risk and internal control systems. Section 45 of the Public Governance, Performance and Accountability Act 2013 requires all Commonwealth entities to have an audit committee.

The Charter is the accountable authority’s blueprint for the audit committee’s operations. It assists the accountable authority to manage and maximise the value of their audit committee.

Download the AUSTRAC Audit and Risk Committee Charter (PDF, 980KB).