The Finance, Audit and Risk Management Committee (FARMC) is responsible to the Agency Management Committee for the oversight of risk and to provide advice on the effectiveness of the corporate assurance framework and risk management, financial strategy, sustainability and internal audit functions. The Committee also provides oversight of the external audit process.
The specific responsibilities of the Committee are to provide advice on:
The Finance, Audit and Risk Management Committee is chaired by Ms Barbara Yeoh AM member of the Agency Management Committee.
For further information about the Agency Management Committee or its committees, email AManC@ahpra.gov.au.
Ms Yeoh joined the Agency Management Committee in 2017 as a member with expertise in health, education and training and was re-appointed in 15 June 2017 for her second three year term to 15 June 2020.
She has previously served on the Board of Austin Health and Eastern Health in Victoria. With a career in the finance sector, she has over 30 years’ experience as a director across a range of public and private sector agencies including in the health, education, finance, insurance, transport, technology and infrastructure sectors. In 2015, Ms Yeoh was inducted into the Victorian Honour Roll of Women and received the CEO Magazine Chairperson of the Year award which encompasses the public, private and not for profit sectors.
Ms Yeoh has previously served as a Council Member and Deputy Chancellor at Latrobe University.
Mr Balcombe brings to the Committee considerable experience is accounting, audit and risk management gained during an extensive career at Ernst & Young, as a Partner. He was responsible for quality and risk management in that Firm’s Oceania area before moving to similar roles in the Asia Pacific area where his responsibilities covered much of South East Asia and China. He was also was involved in audit, corporate advisory, internal audit outsourcing and related roles where he served clients in a broad range of industries including government, manufacturing, retail and distribution.
Mr Balcombe is currently a Financial Counsellor with a not-for profit community organisation.
He holds a Bachelors’ Degree in Commerce, is a Fellow of Chartered Accountants Australia & New Zealand and a Registered Company Auditor.
He joined the Finance, Audit & Risk Management Committee as a member with expertise in accounting and audit and risk management, his term will expire on 31 May 2016.
Mr Smith is reappointed to the Agency Management Committee in March 2016, with a three year term of appointment, as a member with expertise in health, business and administration. He was first appointed in September 2012.
Mr Smith is an experienced senior health official with a strong track record in delivering the full range of integrated health care services – acute care in hospitals, acute psychiatric mental health, community mental health, public health, community and allied health and aged care. He has held many senior executive leadership roles in rural Western Australia including the Pilbara, Kimberley, South West and Great Southern Regions.
Mr Smith capped off his rural CEO responsibilities with metropolitan experience as the CEO of the South Metropolitan Health Service.
Mr Smith has been appointed to the interim Chair for the newly established East Metropolitan Health Service in Perth.
Ms Taing is a member of the Agency Management Committee with expertise in health, business and administration, and governance.
Ms Taing is a senior lawyer at Vanguard Investments Australia. She previously spent 10 years at the Australian Securities and Investments Commission and is a specialist in financial services, managed funds and superannuation law. Ms Taing is also a former board director of The Royal Victorian Eye & Ear Hospital, Royal District Nursing Service, Channel 31 and Commissioner of the Victorian Multicultural Commission.
In 2016, Jenny attended Harvard Business School as the Hugh DT Williamson Scholar. This prestigious national scholarship is awarded by the Financial Services Institute of Australasia (Finsia) to an outstanding individual who has demonstrated leadership, professional qualifications, community and social responsibility as well as a contribution to the financial services industry.
Ms Taing holds a Bachelor of Arts/Bachelor of Laws (Honours) from the University of Melbourne and is a graduate of the Australian Institute of Company Directors and the Australian Institute of Superannuation Trustees. She is the winner of Government Lawyer of the Year 2017, a finalist for In-House Lawyer of the Year 2016 and 2017 and the winner of the University of Melbourne Faculty of Arts Rising Star Alumni Award 2014. Jenny was also named in CPA Australia's INTHEBLACK Magazine Top 40 Young Business Leaders List for 2013.
Kim Jones is an independent non-executive director with experience in industry sectors including financial services, global asset management, institutional funds management, superannuation, health, youth and education. During her executive career, Kim was a superannuation trustee, investor relations, marketing and communications specialist with ASX100 institutional fund managers and financial services companies: Colonial First State Global Asset Management, Colonial First State Property (subsidiaries of Commonwealth Bank) and Lend Lease. The earlier part of her career was spent as a marine scientist and teacher, and promoting new technology at the University of New South Wales.
Kim is currently a community member on the Dental Board of Australia and Chair of Hear For You (a charity, registered with ACNC and ASIC, that empowers deaf and hard of hearing teenagers).
Kim holds an Honours Degree in Science from the University of Sydney, a graduate Diploma of Education and is a Graduate of the Australian Institute of Company Directors.