Internal Audit

As part of the University's governance framework, the Internal Audit program provides independent assurance, to the University Council and the University's senior management, that key operational processes and associated risks are being appropriately identified and managed, and the University's systems and processes accord with and support the pursuit of the University's strategic plan.

The Plan

A three year Internal Audit program, approved by the University Council, identifies projects and/or compliance reviews that are allocated to be conducted in any one year.   

The Participants

The Audit, Compliance and Risk Committee meet quarterly and comprises both external members and senior managers from within the University. 

The University has engaged consultants to undertake the compliance audits from an independent and impartial perspective.  The external consultants conduct reviews as an "Internal Auditor" in conjunction with project sponsors appointed from within the University community.  In addition, other University personnel are required from time to time to contribute to and participate in the projects and/or compliance reviews.

The Process

Compliance reviews and other internal audit projects are undertaken to assess the efficiency, effectiveness, economy, compliance and financial regularity of the University's operations and processes.  The audit reports may include recommendations for improvement that are referred to University management for action.

For further information and assistance please contact Bob Reilly (Manager, Risk and Insurance) on 8303 5804.