The roles and functions of the Council are:
The primary objective of the Audit, Risk and Compliance Committee (ARCC) is to provide formal and transparent procedures, review audit reports and recommend to the full Board on all matters relating to internal audit as well as external audit for FAA’s operating accounts or business, consistent with FAA’s culture, objectives and strategy.
The Committee shall be appointed by the FAA Board from amongst the Directors of FAA Board and shall consist of no fewer than three members. Committee members are not directly responsible for, or be part of any committee involved in the management functions of the Company. The Chairman shall call a meeting of the Committee at least once a year and additional meetings as and when deemed necessary or if requested to do so by any committee member, the management, or the internal or external auditor.