Internal audit
The Internal Audit function is responsible to the Auditor-General through the Audit Committee for providing an assurance about our systems and processes directed at attaining better practices and the objectives specified in the Corporate Plan.
In 2006–07 the internal audit program continued to have a strong emphasis on compliance and consequently a focus on corporate functions. Internal audits completed in 2006–07 included:
- reviews of the time recording and charging system;
- progress against recommendations in 2005–06 audits of: the payroll process; certificate of compliance; audit methodology system implementation, and human resource management system upgrade post implementation review; and
- rolling compliance reviews on: petty cash/advance accounts; purchasing; accounts receivable; receipts; FBT 2005–06; travel and purchasing cards; business activity statements; payroll process; cheque procedures; Occupational Health and Safety (OH&S); contract management; physical/protective security; and recruitment.
Audits in progress at 30 June 2007 are set out below:
- electronic document and records management systems; and
- finance system upgrade.
The audit committee reported that we have a sound approach to compliance through strong risk management and internal control frameworks. Audits found that the activities subject to audit were operating in a satisfactory manner overall and made a number of recommendations designed to improve performance in the areas reviewed. All recommendations have either been addressed, are in the process of being addressed, or have been modified to the satisfaction of the internal auditor.