The functions of the Audit and Risk Assurance Committee are to:

• Review and scrutinise the EAS affairs,
• Make reports and recommendations in relation to the EAS financial affairs,
• Review and assess the risk management, internal control and corporate governance arrangements of the Education Achievement Service (EAS),
• Make reports and recommendations to the authority on the adequacy and effectiveness of those arrangements,
• Oversee the EAS internal and external audit arrangements and
• Review the financial statements prepared by the EAS.