Audit and Assurance Unit Annual Work Plan
The Audit and Assurance Unit operates an audit year commencing 1 June to 31 May. The activities undertaken during this audit year are contained within an annual Work Plan and Program.
This annual plan operationalises the first year of the current Audit and Assurance Unit Strategic Plan. The plan also includes a summary of the Unit's achievements in the prior audit year.
The activities to be performed by the Audit and Assurance Unit each year are based on the following:
- work which is mandatory each year including grant acquittals, referrals from management and Audit and Compliance Committee, work performed on behalf of the external auditors and annual system reviews;
- a risk assessment exercise which ranks the University's auditable areas, so that areas assessed as being of higher risk can be prioritised into the audit plan; and
- other activities as required, including policy reviews, new system reviews and fraud investigations.
The audit plan is divided into quarters for the audit year to fit into the reporting structure for reports to the Audit and Compliance Committee.
The audit plan is reviewed every 6 months to ensure it is current. The annual audit plan, and any changes, is approved by the Audit and Compliance Committee.
Link to current Audit and Assurance Plan 2007/08
