As part of APAC’s governance arrangements and accreditation responsibilities, the APAC Board has established a series of committees. These help APAC fulfill its strategic goals and meet its legal obligations.
The Board appoints a Chair and sets out Terms of Reference for each committee. Each committee makes recommendations to the APAC Board.
Finance, Risk and Audit Committee
The role of FRAC is to advise the APAC Board on the discharge of its corporate governance responsibilities to exercise due care, diligence and skill in relation to:
- risk management;
- the Company’s auditors, including their independence;
- the integrity of financial reporting of the company and its compliance with applicable policies, laws and regulations;
- the maintenance of sound internal control systems; and
- any other matter referred to FRAC by the Board.
APAC Accreditation Assessment Committee
The APAC Accreditation Assessment Committee (AAC) is a standing committee of the APAC Board. The AAC is composed of experienced and trained accreditation assessors who provide expert accreditation assessments, accreditation reports and recommendations and advice to the APAC Board on a broad range of matters concerning teaching, learning and competency in psychology.
The AAC is advisory to the APAC Board of Directors and reports to the Board.