sec.24Internal audit function

sec.24 Internal audit function

A department’s accountable officer must establish an internal audit function to carry out assurance activities for the department. A statutory body must establish an internal audit function to carry out assurance activities for the statutory body if— the statutory body is directed by the appropriate Minister to establish the function; or the statutory body considers it is appropriate to establish the function. A department, or a statutory body that establishes an internal audit function, must— establish, implement and maintain systems for ensuring its internal audit function operates efficiently, effectively and economically; and use its internal audit function to carry out assurance activities. (sec.24-ssec.1) A department’s accountable officer must establish an internal audit function to carry out assurance activities for the department. (sec.24-ssec.2) A statutory body must establish an internal audit function to carry out assurance activities for the statutory body if— the statutory body is directed by the appropriate Minister to establish the function; or the statutory body considers it is appropriate to establish the function. (sec.24-ssec.3) A department, or a statutory body that establishes an internal audit function, must— establish, implement and maintain systems for ensuring its internal audit function operates efficiently, effectively and economically; and use its internal audit function to carry out assurance activities.

• (a) the statutory body is directed by the appropriate Minister to establish the function; or
• (b) the statutory body considers it is appropriate to establish the function.
• (a) establish, implement and maintain systems for ensuring its internal audit function operates efficiently, effectively and economically; and
• (b) use its internal audit function to carry out assurance activities.