Internal Audit Committee Annual Planning 2010

# Audit Committee Action
Item Description
Frequency Feb Q1 May Q2 Aug Q3 Nov Q4 Special Meeting
Departmental Audit Committee Infrastructure
1. Departmental audit committee Charter (4.4.1) Review Annually       x  
2. Audit committee annual plan (for upcoming fiscal year) (4.4.2) Approve
~ 1 year ahead
Ongoing - - - -  
3. Audit committee member competency profile (4.3.3) Review Bi-annually x        
4. Orientation/ongoing professional development requirements Determine Annually x        
Internal Audit Oversight Responsibilities
5. Departmental internal audit charter / policy (4.2.2) Review and recommend for approval Annually       x  
6. Adequacy of internal audit resources (4.2.2) Review Annually x        
7. Risk-based internal audit plan (4.2.2) Review and recommend for approval Annually x        
8. Performance of the internal audit function/chief audit executive (4.2.2) Review/Advise Annually x        
9. Departmental internal audit reports and management action plans to address internal audit recommendations (4.2.2) Review and recommend for approval Ongoing - - - -  
10. Audit engagements or tasks that do not result in a report to the audit committee (4.2.2) Receive for information Ongoing - - - -  
11. Follow-up reports on management actions taken (4.2.2) Review Regularly x   x    
Annual Responsibilities
12. Values and ethics (4.2.1) Review Annually   x      
13. Departmental corporate risk profile and risk management arrangements (4.2.1) Review Annually x        
14. Management control framework (4.2.1) Review Annually         Dec
15. OAG and central agencies, including audit issues and reports that have departmental or government wide implications and accompanying management responses and action plans (4.2.3) Review and recommend for approval / advise DM Ongoing       x  
16. Arrangements to monitor and follow-up on related management action plans (4.2.4) Review Annually     x    
17. Departmental financial statements ( Review and recommend for acceptance Annually     x    
Annual Responsibilities (cont’d)
18. Departmental financial statements and/or Public Accounts Audits (including findings, management letters and external auditor performance) ( Review Annually     x    
19. RPP; DPR; CRP and other significant accountability reports (4.2.6) Review Annually     x
( Dec)
20. CAE’s annual overview report (4.2.2)   Annually x        
Committee Assessment
21. Committee self-assessment (4.4.1, 4.4.2) Review Annually x        
22. Advice and briefings re. OAG and central agencies (4.2.3, 4.2.4) Discussion Ongoing - - - -  
Accountability Reporting
23. Departmental audit committee annual report (4.4.5) Prepare Annually x        
24. Meet Commissioners with annual report             x
In Camera Meetings
25. With DH (if not member), CAE, SFO/CFO (and OAG rep when attending) (4.4.4) Discussion Ongoing - - - - -
Total Number of DAC Agenda Items 10 1 5 3  
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