(based on ASX Principle 2)
In 2015–16, the Deputy Auditor-General was chair of the Office Executive, which also included the Assistant Auditors-General from Financial Audit and Performance Audit. The Office Executive met informally each week and formally each month. The Auditor-General attended these meetings.
The Office Executive led and guided the Audit Office towards its strategic priorities and ensured it complied with relevant codes, practices, laws and directions. Strategic priorities were set by the Auditor-General.
The Office Executive Charter can be viewed on our website.
In 2015–16, the Governance Unit continued to provide secretarial support and helped the Office Executive discharge its responsibilities.
Key focus areas
Key focus areas for the Office Executive during 2015–16 included:
- reassessing and tracking progress against the Audit Office strategy and vision (see The year ahead)
- reviewing the Audit Office's strategic risks, including rigorous assessment and monitoring to mitigate each strategic risk to an acceptable level
- overseeing key Audit Office projects, including MiCareer – the human capital management system project, Retain – the resource scheduling project, and the post implementation review of Elite – the Audit Office practice management system project (see The year ahead)
- monitoring Audit Office compliance with key laws regulations and policies
- ensuring key policies are regularly reviewed, up-to-date and relevant.
The Office Executive, with input from the Acting Auditor-General, completed a self-assessment to evaluate its performance during the year. They identified that reporting and monitoring of Audit Office performance needed to be improved and the Executive needed to spend more time reviewing its progress against its vision and goals. In response, significant improvements were made to the Audit Office’s corporate planning framework to allow for a complete picture of Audit Office performance to be regularly reported to the Office Executive. This framework was used to develop the Audit Office Strategic Plan for 2016–19.
Reports to the Office Executive are prepared by staff and various committees in accordance with the meeting agenda and annual reporting plan. For further details on the experience of members of the Office Executive and the Audit Office’s organisational structure, see Office Executive.
Audit and Risk Committee
The Audit and Risk Committee assisted the Auditor-General by providing oversight and review of:
- the risk management and control framework including review of the Audit Office’s enterprise risk register, project risk management, fraud framework, and business continuity and disaster recovery plans
- the internal audit plan, and internal and external audit reports
- Audit Office annual financial statements
- compliance with relevant applicable laws and regulations, relevant government policies and directions, and Audit Office policies.
The Governance Unit assessed the committee's activities to confirm compliance with Treasury Policy Paper 15-03 Internal Audit and Risk Management Policy for the NSW Public Sector (TPP 15-03). For a copy of the attestation statement see here. The committee's charter and annual reporting plan were also updated in line with the requirements of TPP 15-03. For a copy of the charter see our website.
The Audit and Risk Committee consists of three independent members, Brian Suttor (Chair), Greg Fletcher and Dianne Hill. The independence, integrity, and experience of the Audit and Risk Committee members are key strengths, providing insight and enhancing the operations of the Audit Office.
Reappointed on 28 November 2012 for a final four-year term, has been a partner in a major accounting firm and brings an independent perspective to the committee. He is Chair of several audit and risk committees of NSW public sector agencies.
The Auditor-General, Chief Audit Executive, internal and external auditors, and management representatives attend committee meetings. The committee also met independently, without management, with the internal and external auditors and Auditor-General.
Committee members also provided written conflict of interest declarations to the Auditor-General which were verbally confirmed at the start of each meeting. There were no conflict of interests declared that prohibited the continuing engagement of the members of the Audit and Risk Committee.
See the Audit and Risk Committee Charter.
Reappointed on 4 December 2013 for a final four-year term, and brings considerable experience as a former partner in a major accounting firm where he specialised in external audit, internal audit and risk management. He is an audit and risk committee Chair for several NSW public sector agencies and a director of a number of publicly listed companies.
Appointed on 29 August 2013 for a four-year term. She brings considerable experience having been an independent non-executive director at a number of organisations for 20 years, and currently sits on several boards and audit and risk committees for both NSW public sector agencies and public companies. Her background is in chartered accounting, financial services and project management.