(1) This Policy is effective from 6 July 2022. (2) This Policy includes the following schedule: (3) This Policy is governed by the following legislation: (4) This Policy enables the University to establish and maintain an effective Internal Audit function as a key component of its governance framework, and to meet internal audit requirements under law. (5) The Internal Audit procedure documents how to comply with this Policy. (6) This Policy applies to the Internal Audit function of the University, and the scheduled audits, activities and reviews conducted by this function. (7) The University will have an Internal Audit Charter to formally define the purpose, authority and responsibility of its Internal Audit function as conferred by the Audit and Risk Committee (ARC) under the authority of Council. This Charter will be reviewed by the Director, Audit, Risk and Business Continuity and submitted for review and approval annually to the ARC. (8) The University's Internal Audit function will provide independent, objective assurance and advisory services to the University in accordance with the Internal Audit Charter. (9) The University will have a risk-based Annual Internal Audit Plan, approved annually by the ARC, which will outline areas and functions of the University to be audited over the course of the year by the Internal Audit function. (10) Relevant audits and reviews will be performed by the Internal Audit function in accordance with an established audit methodology. (11) The Internal Audit procedure documents how to comply with this Policy. (12) For the purpose of this Policy:Internal Audit policy
Section 1 - Preamble
Governing Legislation
Section 2 - Purpose
Section 3 - Scope
Section 4 - Policy
Section 5 - Procedure
Section 6 - Definitions
View Current
This is not a current document. To view the current version, click the link in the document's navigation bar.