The Committee fulfils its role in line with the approved Terms of Reference, and may call on the Chairpersons of the other committees of Council, the Vice-Chancellor, Deputy Vice-Chancellor, and any of the Executive Directors, Officers, Secretariat or other assurance providers to provide information, subject to a Council approved process.
Audit and Risk Oversight Committee member
30-07-2021
08-10-2021
11-02-2022
Date of Meetings
04-06-2021
The Committee does not assume the functions of Management, which remain the responsibility of the Vice-Chancellor, Deputy Vice-Chancellors, Executive Directors, and other members of Senior Management.
Meetings are held at least four (4) times a year, and are attended by the External and Internal Auditors and relevant members of the Executive Management of CPUT. During 2021, the Committee held quarterly meetings that were all quorate, and carried out its oversight duties as set out in the Terms of Reference.
30-04-2021 (Special Meeting)
The Cape Peninsula University of Technology’s (CPUT) Audit and Risk Oversight Committee (AROC) of Council has a specific mandate, and its terms of reference specify that members of the Committee must be independent of the University. As such, members of the AROC must be independent of Management, and should not be involved in any business or other relationships that may have a material bearing on the exercise of their independent judgement as members of the Committee.
At the end of 2021, the Committee had four (4) members, three (3) external Council members and one (1) external member, all of whom are independent of the University. There was one vacancy in 2021, following a resignation effective from 31 March 2020. The members of the AROC have a variety of skills, ranging from business, auditing, legal, governance, information technology (IT), risk management, and financial services. The term of office of independent external committee members appointed by Council is four (4) years.
12-02-2021
report of the audit and risk oversight committee
1. Composition and attendance
K Patel (Mr) *
PR
PR
PR
PR
PR
PR
N Dhevcharran (Ms) *
ICH
ICH
A
ICH
ICH
ICH
R Bredenkamp (Mr) **
PR
PR
ICH
PR
PR
PR
L Platzky (Dr) *
PR
PR
PR
PR
PR
PR
* ** ICH PR A
Member of Council External member Interim Chair Present Apology
Table 1: AROC meeting attendance, 2021
2. Summary of main activities The Audit and Risk Oversight Committee complied with key aspects of its mandate in 2021. In executing its duties, the Committee attended to the following key matters: 2.1 Internal audit The Committee is responsible for overseeing Internal Audit, and during the year under review, the Committee performed the following: • Reviewed and approved the annual Internal Audit Plan and budget; • Reviewed and approved the CPUT Combined Assurance Framework; • Reviewed and approved the Internal Audit Strategy, which is aligned with CPUT’s Vision 2030;
32 | report of the audit and risk oversight committee
