The Audit Committee operates independently of Governing Council, the Management Board and the Standards and Regulation Board. Its remit extends across the whole organisation, including the regulatory function. Each year it reports to Governing Council at its oversight meeting on how it has discharged its duties. The Committee is comprised of independent non-members and members of RICS.
The Audit Committee monitors the integrity and effectiveness of RICS’ financial reporting, internal control and risk management systems, reviews anti-fraud measures and Raising Concerns policies and reviews the effectiveness of and recommends each year the appointment of the external auditor.
Mike joined the Department of Health and Social Security in 1979 straight from school, and spent his first 6 years in the Civil Service delivering services to customers. He then moved into regional management and then into a series of policy and then finance roles.
He is a Chartered Public Finance Accountant, and has held a number of challenging Finance Director roles, both corporate and operational. He became the Chief Financial Officer (CFO) at the Department for Work and Pensions in 2012. In April 2016 he became the CFO at the Ministry of Justice and from July 2017 to August 2020 he was also the Head of the Government Finance Function at HM Treasury, driving forward the agenda to substantially modernise and strengthen the finance function’s critical role at the heart of government, ensuring better political and business outcomes.
From August 2020 to January 2021 Mike was interim Permanent Secretary at the Ministry of Justice and from February 2021 to September 2021 was the Senior Responsible Officer, Borders Programme & Managed Quarantine at the Department of Health and Social Care. He left the Civil Service on 30 September 2021 after 42 years of public service and is now establishing a portfolio career, alongside his role as the President of the Chartered Institute of Public Finance and Accountancy.