| Description |
38 pages ; 25 cm |
| Series |
Financial control and administration audit /Australian National Audit Office |
|
Parliamentary paper / the Parliament of the Commonwealth of Australia, 0727-4181 ; no. 126 of 1998 |
|
The Auditor-General audit report, 1036-7632 ; no. 46, 97-98 |
|
Australian National Audit Office.
Financial control and administration audit
|
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Audit report (Australian National Audit Office) ; 1997-98, no. 46
|
|
Parliamentary paper (Australia. Parliament) ; 1998, no. 126
|
| Contents |
Results in brief -- 1. Summary -- Background -- Objectives and criteria -- Opinion -- Findings -- Better practice -- Recommendations -- 2. Detailed findings and recommendations -- Introduction -- Previous audit coverage -- This audit -- Public sector reform -- The internal audit function -- Audit evaluation criteria -- Management support -- Risk focus to meet client needs -- Internal audit resources -- Continuous improvement -- Appendix 1. Better practice -- Appendix 2. About the audit |
| Summary |
The recommendations made by the ANAO dealt with: (1) a need for internal audit charters to be reviewed and given formal endorsement by the chief executive; (2) attendance of heads of internal audit at audit committee meetings and private meetings with the audit committee; (3) achieving a client and risk focus through effective communication and the development of a systematic, formal approach to planning; (4) the role that internal audit could take in the introduction of risk and control self-assessment techniques; (5) internal audit resource requirements and the need for them to be evaluated with respect to the organisation's risk profile and current review and monitoring mechanisms, and for professional standards to be set for internal audit staff; (6) continuous improvement activities and the measurement of internal audit effectiveness being enhanced through development of performance indicators; and (7) improving report cycle times where these are in excess of 14 days |
| Notes |
Includes: Better practice principles and audit criteria |
|
Also published as Parliamentary paper (Australia. Parliament) ; 126/1998 |
| Subject |
Administrative agencies -- Australia -- Auditing.
|
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Auditing, Internal -- Australia.
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Finance, Public -- Australia.
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| ISSN |
0727-4181 |
| ISBN |
0644388730 |
|
