Internal Audit

Internal Audit supports the Audit Committee by regularly evaluating Treasury’s financial and operational systems, reporting processes and activities. Internal audit services are mainly provided by the SSA, although other external providers are used where appropriate.

In 2007–08, Internal Audit completed just over 6,900 hours of audit work in Treasury. Thirty seven audits were finalised including organisational licensing, records practices, investment proposals, verification of the 2006–07 financial statements and malicious software attacks/viruses.

Most audits sought to review and assess the effectiveness of processes and controls over the operational activities.

A number of compliance audits were also performed, which concentrated on ensuring Treasury’s activities and transactions comply with relevant legislation and policies, and are processed accurately and completely.

Information systems audit activity largely focused on reviewing the development and implementation of new systems, in particular the Office of State Revenue’s Revenue Management System.

 

Last reviewed 22 October 2012