The Audit & Risk Committee of McLaren Vale Grape Wine & Tourism Association (MVGWTA) will provide an advisory role and function to the Board in relation to risk, audit and governance function.
The Committee's role includes:
Assisting the Board in fulfilling its fudiciary and corporate governance responsibilities in relation to financial reporting, application of accounting policies, financial management, internal control, risk management and compliance systems.
To oversee and make recommendations to enhance communications between the Board, management and the Auditor
To oversee and monitor accountability processes and quality of internal and external reporting, and make any necessary recommendations to the Board
To oversee and monitor risk management processes and make any necessary recommendations to the Board
To oversee the development of appropriate policies and procedures, including Charters and Terms of Reference for all MVGWTA Committees and Working Groups