Singapore legislation
Regulation 6
Regulation 6
Audit Committee
Subregulation 1
An Audit Committee comprising the following individuals is appointed under section 10 of the Act: (a)a chairperson who is a member of the Senate; (b)at least one and not more than 4 other individuals who need not be members of the Academy.
Subregulation 2
The Audit Committee must —
evaluate and recommend to the Senate the suitability of a person to be appointed as the Academy’s auditor under section 22 of the Act, having regard to the independence and objectivity of that person;
review the adequacy of the Academy’s internal control systems and internal audit functions, such as but not limited to the adequacy of the scope and results of any audit in respect of the Academy’s operations; and
carry out such other duties as the Senate may assign.