Audit & Risk Committee – Register of Interests
Members of the ICAS Audit and Risk Committee must declare any interests that may influence, or may be perceived to influence, their ability to act impartially or objectively in fulfilling their role as a member of the Committee.
Conflicts of interests
There are many different forms of interest which could create a conflict in a matter being discussed by the Audit and Risk Committee. Some of the main examples are:
- The involvement of a family member or friend.
- A close association with one of the parties or entities involved.
- The involvement of a current or previous work colleague.
- Any financial interest or impact (however small).
- Any prejudice or benefit which may follow the Audit and Risk Committee’s discussion.
Audit and Risk Committee members are reminded that potential and perceived conflicts of interest are as important as actual conflicts.
Interests should be declared in advance of the relevant matter being discussed by the Audit and Risk Committee – either immediately upon becoming aware of the matter, or at the beginning of the meeting.
Depending on the nature of the interest, the Chair may require the member to leave the meeting for the duration of the discussion.
Register of interests
In addition, members of the Audit and Risk Committee formally review and update their registered interests on an annual basis.
The current members of the Audit and Risk Committee have declared interests as follows:
