PURPOSE OF INTERNAL AUDITING

Part of our legislative requirements as a local council in NSW is to have an independent internal audit function. Internal audits examine compliance, efficiency and effectiveness of service provision. Accountability is important and internal audits ensure money is spent appropriately, and that Council is transparent and open in delivering on commitments.

2022/2023 PLAN INCLUDES:

AUDITS COMPLETED:

1. Work, Health and Safety Management

2. Environmental Management HEALTH CHECKS COMPLETED:

1. Payroll Health Check

2. HR Reporting Health Check

PICTURED: From left; Audit, Risk and Improvement Committee members Barry Ford, chairman Neville Parsons, Christine Tyler and Cr Peter Johnstone, Council’s nominated observer; auditor undertaking onsite environmental inspection of Grafton Waterfront Precinct project.

Legislative Requirements

 Audit, Risk and Improvement Committee (ARIC): A Council appointed committee of independent members with experience in a range of financial, risk and compliance environments. It is responsible for assuring that compliance and risk, financial and governance management frameworks are well established, understood and inform decisions, and that planned services are delivered efficiently and effectively.

 Risk management: A risk management framework that is consistent with current Australian standards.

 Internal audit: An internal audit function that reports quarterly to the ARIC and is consistent with current international standards.

 Service Reviews: A rolling program of services reviews that inform continuous improvement practice and are identified in Council’s Delivery Program.