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

INTERNAL AUDIT POLICY



the relevant Director and the Chief Executive Officer regarding the cause of the delay and
obtain approval to the revised implementation schedule. The relevant Director is ultimately
responsible for the effective and timely action and responses on all Internal Audit and External
Audit observations and recommendations.


14. Evaluation of Internal Audit Performance
The Chief Executive Officer and Audit and Risk Committee will undertake periodic evaluations
of the performance of the Internal Audit function. Relevant considerations are:
   -   Compliance with the revised global Internal Audit Standards (effective from 9/1/25)
       relating to the importance of having appropriate governance arrangements to enable
       the internal audit function to be effective.
   -   How internal audit has delivered against the Internal Audit Plan and the quality of the
       results of its testing.
   -   The results of Internal Audit’s work.
   -   Management’s responsiveness to Internal Audit’s findings and recommendations.
   -   The level of client satisfaction with the Internal Auditor’s performance as determined
       by a client satisfaction survey to be undertaken at the conclusion of each internal audit.




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