Review Of The Audit And Risk Committee Charter & Review Of The Internal Audit Policy · Attachment 2_Internal Audit Policy_Draft

INTERNAL AUDIT POLICY



        appropriate, a summary of management actions taken or not taken in response to audit
        recommendations and any recommendations to close management actions.

   i)   Progress in implementing internal audit actions and any associated issues will be
        reported to the Audit and Risk Committee at each Committee meeting.


9. Responsibilities


Council and Chief Executive Officer
Council has delegated the following powers to the Chief Executive Officer Noosa Council:

       S105(1) LG Act 2009.
        Power to establish an efficient and effective internal audit function to the CEO.

       S207 LG Regulation 2012
        Power to: -
                 (a) prepare an internal audit plan
                 (b) carry out an internal audit
                 (c) prepare a progress report for the internal audit
                 (d) assess compliance with the internal audit plan
                 (e) give the documents referred to in subsection (3) to the Audit and Risk
                 Committee.


Audit and Risk Committee
In accordance with S 105 (3) of the LG Act 2009 the Audit and Risk Committee is required to
monitor and review the Internal Audit function and the effectiveness and objectivity of council’s
internal auditors.
This includes:
        a) Endorsing the annual Internal Audit Plan.
        b) Reviewing internal audit reports and findings.
        c) Reviewing the status of the follow up and the implementation of recommendations.
        d) Reviewing internal audit plans and the extent to which the planned audit scope can
           be relied upon to detect weaknesses in internal control, risk, fraud or other illegal
           acts.
        e) Assessing the performance of the Internal Audit function.
        f) Advising Council about the level of resourcing for the internal audit function.
        g) Identifying emerging issues and priorities for internal audit.




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