Audit Services

The selected internal audit consultants would initially be required to prepare an internal audit strategy in consultation with management and the Audit Committee. The strategy should provide the proposed methodology for the introduction of internal audit, the interaction with the external auditors and the Australian National Audit Office (ANAO), and the framework for providing assurance to the Audit Committee as to the reliability of the Commissionýs control systems, its external accountability and its legislative compliance. The auditors would then produce an annual work program, for consideration by management and the Audit Committee, which is a mix of:  compliance audits; and  performance and operational audits. The audits would include a cyclical review of the Commissionýs internal control framework including policies, procedures and processes. The internal audits would be expected to include audits of IT systems and the relevant software applications. The internal auditors may also provide assistance on general governance issues, review reporting and impacts of better practice guides issued by the ANAO. As a guide, it is expected that the annual audit program would be for between 15 and 20 days, including planning. The majority of work is expected to be in Melbourne.