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Operational Plan
2024-25
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Initiative 5.5.3: Continue to implement actions to increase the effectiveness of the Audit and Risk Committee and the internal audit function.
Q1:On Track
Intgernal audit of ICT Physical Infracture undertaken. A&R Committee met to discuss the management actions from the internal audit of the Effectiveness of the Committee. EO progressing the implementaion of management actions and recommendations. Increased resources allocated to internal audit in the 24/25 budget consequently an ITQ for inhternal audit services is underway.
Q2:On Track
Recommendations from the review are being progressively addressed. Procurement process for IA service provider commenced and to be finalised in Jan 2025. Informal meeting of ARCO conducted to discuss recommendations and Committee preferences. IA Policy and ARCO Charter under review and to be reported to ARCO meeting Feb 25.
Q3:On Track
Recommendations from the review are being progressively addressed. External consultant has been engaged and is currently reviewing Audit Actions Register and developing Internal Audit Plan with first audit scheduled for Q4 FY24/25. IA Policy and ARCO Charter under review and to be reported to ARCo meeting May 25.
Q4:On Track
Recommendations from the review are being progressively addressed, including but not limited to the review of the Committee Charter, Internal Audit Policy, and Rolling Work plan. Further, a Strategic Internal Audit Plan has been developed, and the Internal Action register has been reviewed.
Noosa Shire Council
Operational Plan
2024-25Initiative 5.5.3: Continue to implement actions to increase the effectiveness of the Audit and Risk Committee and the internal audit function.
Intgernal audit of ICT Physical Infracture undertaken. A&R Committee met to discuss the management actions from the internal audit of the Effectiveness of the Committee. EO progressing the implementaion of management actions and recommendations. Increased resources allocated to internal audit in the 24/25 budget consequently an ITQ for inhternal audit services is underway.
Recommendations from the review are being progressively addressed. Procurement process for IA service provider commenced and to be finalised in Jan 2025. Informal meeting of ARCO conducted to discuss recommendations and Committee preferences. IA Policy and ARCO Charter under review and to be reported to ARCO meeting Feb 25.
Recommendations from the review are being progressively addressed. External consultant has been engaged and is currently reviewing Audit Actions Register and developing Internal Audit Plan with first audit scheduled for Q4 FY24/25. IA Policy and ARCO Charter under review and to be reported to ARCo meeting May 25.
Recommendations from the review are being progressively addressed, including but not limited to the review of the Committee Charter, Internal Audit Policy, and Rolling Work plan. Further, a Strategic Internal Audit Plan has been developed, and the Internal Action register has been reviewed.