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Publication - Guidance

Audit and Assurance committee handbook

Published: 3 Apr 2018
Directorate:
Internal Audit Directorate
Part of:
Public sector
ISBN:
9781788517553

Guidance on the principles and best practise for the organisation of Audit and Assurance committees.

51 page PDF

457.8 kB

51 page PDF

457.8 kB

Contents
Audit and Assurance committee handbook
Annex G: Competency framework

51 page PDF

457.8 kB

Annex G: Competency framework

All members of the committee should have, or acquire as soon as possible after appointment:

  • understanding of the objectives of the organisation and current significant issues for the organisation;
  • understanding of the organisation's structure, including key relationships such as that with a sponsoring directorate/portfolio or a major partner;
  • understanding of the organisation's culture;
  • understanding of any relevant legislation or other rules governing the organisation;
  • understanding of the organisation's three lines of assurance and sources of assurance;
  • broad understanding of the government environment, particularly accountability structures and current major initiatives.

The committee should collectively possess:

  • knowledge/skills/experience (as appropriate and required) in:
    • accounting;
    • risk management;
    • audit;
    • technical or specialist issues pertinent to the organisation's business.
  • experience of managing similar sized organisations and people management skills;
  • understanding of the wider relevant environments in which the organisation operates;
  • detailed understanding of the government environment and accountability structures.

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