sec.207Internal audit

### sec.207 Internal audit For each financial year, a local government must— prepare an internal audit plan; and carry out an internal audit; and prepare a progress report for the internal audit; and assess compliance with the internal audit plan. A local government’s internal audit plan is a document that includes statements about— the way in which the operational risks have been evaluated; and the most significant operational risks identified from the evaluation; and the control measures that the local government has adopted, or is to adopt, to manage the most significant operational risks. A local government must give its audit committee— the progress report mentioned in subsection (1) (c) ; and at least twice during the year after the internal audit is carried out, each of the following documents— a summary of the recommendations stated in the report; a summary of the actions that have been taken by the local government in response to the recommendations; a summary of any actions that have not been taken by the local government in response to the recommendations. If a local government does not have an audit committee, a reference to the committee in subsection (3) is taken to be a reference to the chief executive officer. (sec.207-ssec.1) For each financial year, a local government must— prepare an internal audit plan; and carry out an internal audit; and prepare a progress report for the internal audit; and assess compliance with the internal audit plan. (sec.207-ssec.2) A local government’s internal audit plan is a document that includes statements about— the way in which the operational risks have been evaluated; and the most significant operational risks identified from the evaluation; and the control measures that the local government has adopted, or is to adopt, to manage the most significant operational risks. (sec.207-ssec.3) A local government must give its audit committee— the progress report mentioned in subsection (1) (c) ; and at least twice during the year after the internal audit is carried out, each of the following documents— a summary of the recommendations stated in the report; a summary of the actions that have been taken by the local government in response to the recommendations; a summary of any actions that have not been taken by the local government in response to the recommendations. (sec.207-ssec.4) If a local government does not have an audit committee, a reference to the committee in subsection (3) is taken to be a reference to the chief executive officer. - (a) prepare an internal audit plan; and - (b) carry out an internal audit; and - (c) prepare a progress report for the internal audit; and - (d) assess compliance with the internal audit plan. - (a) the way in which the operational risks have been evaluated; and - (b) the most significant operational risks identified from the evaluation; and - (c) the control measures that the local government has adopted, or is to adopt, to manage the most significant operational risks. - (a) the progress report mentioned in subsection (1) (c) ; and - (b) at least twice during the year after the internal audit is carried out, each of the following documents— (i) a summary of the recommendations stated in the report; (ii) a summary of the actions that have been taken by the local government in response to the recommendations; (iii) a summary of any actions that have not been taken by the local government in response to the recommendations. - (i) a summary of the recommendations stated in the report; - (ii) a summary of the actions that have been taken by the local government in response to the recommendations; - (iii) a summary of any actions that have not been taken by the local government in response to the recommendations. - (i) a summary of the recommendations stated in the report; - (ii) a summary of the actions that have been taken by the local government in response to the recommendations; - (iii) a summary of any actions that have not been taken by the local government in response to the recommendations.