Internal Audit Procedure
This procedure must be read in conjunction with Audit Committee Charter, Internal Audit
Charter and the Internal Audit Policy.
Table of Content
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1. Overview......................................................................................................
2. Rationale......................................................................................................
3. Procedures...................................................................................................
4. Complaints...................................................................................................
5. Contact.........................................................................................................
6. References...................................................................................................
1. Overview
1.1. The procedure provides guidance on how the internal audit function operates
within the Education Directorate (the Directorate).
2. Rationale
2.1. This procedure is established to guide the internal audit activity within the
Directorate, in accordance with Standard 2040 (Policies and Procedures) of the
International Standards for the Professional Practice of Internal Auditing.
3. Procedures
Annual Audit and Assurance Program
3.1. The Chief Internal Auditor prepares an Annual Audit & Assurance Program to be
presented to the Director-General for approval and to the Audit Committee for
endorsement.
3.2. The Annual Audit & Assurance Program will be reviewed and may be adjusted on a
six-monthly basis to ensure continual alignment to the Directorate’s strategic goals
in consideration of changes to the risk profile and management priorities. Any
outcomes of this review are subject to the Director-General’s approval and Audit
Committee Chair endorsement.
3.3. In accordance with the Public Sector Internal Audit Better Practice Guide (Australian
National Audit Office (2021)) and Effective Internal Auditing in the Public Sector – a
Good Practice Guide (issued by the Institute of Internal Auditors (March 2020)), the
following approach will be used to help guide the development of the plan:
Consultation with all members of CORPEX, the Executive Governance Committee
(EGC), the Director-General and Audit Committee to identify areas of risk or
concern;
Reviewing the Directorate’s Strategic Risk Register and associated controls to
identify areas of importance and risk to the Directorate and/or where the
potential for loss or failure is greatest;
