The ACT Audit Office has sound internal accountability and governance arrangements, including risk and fraud management. These are overseen by the ACT Audit Office’s Executive Committee and other internal committees and management groups.
The Executive Committee is the senior group responsible for the management of the ACT Audit Office, including the implementation of the Office’s risk management, business continuity and fraud prevention plans.
Standing membership of the Executive Committee is comprised of:
The Executive Committee is supported by the Executive Officer.
The ACT Audit Office’s annual report includes the Office’s audited financial statements and statement of performance. The ACT Audit Office’s annual reports are examined by the ACT Legislative Assembly’s Estimates Committee and the Standing Committee on Public Accounts.
The Audit and Review Committee provides assurance and assistance to the Auditor-General on the ACT Audit Office’s risk, control and compliance framework and its external accountability responsibilities.
In particular, the Committee assists the Auditor-General in discharging their responsibilities for: exercising due care, diligence and skill in relation to the ACT Audit Office’s financial and risk management; adequacy of internal controls; application of accounting policies; compliance with applicable laws; and reporting of financial information.
The Committee is chaired by an external independent member.
The Speaker appoints an independent auditor to undertake the audit of the ACT Audit Office’s financial statements and statement of performance. The ACT Audit Office’s audited financial statements and statement of performance are provided to the ACT Legislative Assembly.
During each term of the Legislative Assembly, a strategic review of the ACT Audit Office is conducted. The Speaker of the Legislative Assembly appoints an independent reviewer to conduct the strategic review in accordance with terms of reference that are determined by the Standing Committee on Public Accounts.
