LGFMA Presentation - Internal Audit Program Model
Download
Report
Transcript LGFMA Presentation - Internal Audit Program Model
LGFMA Risk Management
Framework – Internal Audit
Program
Mark Jeffreson
Dario Nazzari
Our Brief
To develop a suite of programs for use by internal
audit as a tool to apply the risk management
framework to a selection of issues commonly
faced by local government throughout South
Australia.
Approach
Define the “risk universe”
Identify the “top 20”
Develop generic internal audit programs for access by:
– Riskemap
– Other means
3
Risk Universe
Solicit specific risks from larger Councils
Collate and categorise
Identify consequences rather than causes
4
Categories
Asset management
Business development
Information services
Procurement
Compliance
Project management
Financial
Governance
Strategic management
Environment
Human resources
Public relations
5
Top 20
Engage pilot councils
rural
urban
large
small
Representative of a broad cross-section of LG in SA
Workshops
6
7
Risk Programs
Asset maintenance
Natural disaster
Building and DA
Plan assumptions
Community engagement
Project management
Contract administration
Records security
Delegations
Public liability
Effluent
Revenue risk
Financial sustainability
Staff risk
Fraud and theft
Stormwater
Info. systems failure
Utilisation of assets
Legislative non-compliance
Valuation of fixed assets
8
Example
Financial sustainability program
9