sec.7Internal control structures

sec.7 Internal control structures

A department’s accountable officer or a statutory body must establish and maintain a cost-effective structure (an internal control structure ) to provide for the internal controls of the department or statutory body. The internal control structure must— strongly emphasise accountability, best practice management of the resources of the department or statutory body and internal control; and include— an organisational structure and delegations that support the objectives and operations of the department or statutory body; and provision for the employment of qualified and competent officers, training of the officers and assessment of their performance; and if the department or statutory body controls another entity—procedures for monitoring the performance of, and accounting for its investment in, the other entity. If a risk management committee, internal audit function or audit committee is established for the department or statutory body, the internal control structure must provide for the efficient, effective and economical operation of the committee or function. See also sections 23 , 24 and 30 . In establishing and maintaining the internal control structure, the accountable officer or statutory body must have regard to— the financial accountability handbook; and the QGEA. The internal control structure must be described in the financial management practice manual of the department or statutory body. To the extent practicable, the internal control structure must provide for an appropriate separation of duties between officers of the department or the statutory body. (sec.7-ssec.1) A department’s accountable officer or a statutory body must establish and maintain a cost-effective structure (an internal control structure ) to provide for the internal controls of the department or statutory body. (sec.7-ssec.2) The internal control structure must— strongly emphasise accountability, best practice management of the resources of the department or statutory body and internal control; and include— an organisational structure and delegations that support the objectives and operations of the department or statutory body; and provision for the employment of qualified and competent officers, training of the officers and assessment of their performance; and if the department or statutory body controls another entity—procedures for monitoring the performance of, and accounting for its investment in, the other entity. (sec.7-ssec.3) If a risk management committee, internal audit function or audit committee is established for the department or statutory body, the internal control structure must provide for the efficient, effective and economical operation of the committee or function. See also sections 23 , 24 and 30 . (sec.7-ssec.4) In establishing and maintaining the internal control structure, the accountable officer or statutory body must have regard to— the financial accountability handbook; and the QGEA. (sec.7-ssec.5) The internal control structure must be described in the financial management practice manual of the department or statutory body. (sec.7-ssec.6) To the extent practicable, the internal control structure must provide for an appropriate separation of duties between officers of the department or the statutory body.