Annual Report 2016-17

Invitations to change                                 Internal Audit
tenders                                               Council recognises the relevance of strengthening
There was one reportable invitation made by           governance and control systems through the
Council to change tenders during the period for       establishment of an efficient and effective internal
contract - 1617T047 Kinmond Creek Road. This          audit function.
tender was withdrawn completely to take into
                                                      Council’s Internal Audit Plan for each financial year
consideration specification changes and a change
                                                      is developed having regard to current operational
in the implementation timing requirements of
                                                      risks. Council’s internal audits are conducted in
Council’s Capital Works Executive. The contract
                                                      accordance with Council’s Internal Audit Terms of
was later incorporated within tender 1617T112.
                                                      Reference and Internal Audit Policy, the objectives
                                                      of which include providing independent, objective
Audit and Risk Committee                              assurance and appropriate services designed
                                                      to add value and improve Council’s operations.
During the period, Council’s Audit and Risk           Council’s Internal Audit Plan for each period is
Committee, which consists of two Councillor           reviewed and adopted by the Audit and Risk
members and two expert independent external           Committee.
members, held four formal committee meetings          The Internal Audit activities for the period included a
and played an active role as an advisory committee    review of the following:
to Council through the provision of independent
comment, advice and counsel on audit and risk         •   Procure to Pay Processes; and
management issues covering a wide range of            •   Investment of Surplus Funds.
Council operations and projects.
                                                      The above Audits were completed by specialist
In accordance with Council’s Audit and Risk           external providers. Council has in place a
Committee Charter, a key duty of the Committee        number of systems and processes to ensure that
is to provide reasonable assurance to Council that    recommendations resulting from its internal audits
its core business goals and objectives are being      are appropriately actioned and implemented into
achieved in an efficient and economical manner,         day-to-day operations.
within an appropriate framework of internal control
and risk management.

The Audit and Risk Committee observed the terms
of its Charter for the period and conducted an
annual assessment of its performance.




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