Submissions


The IIA-Australia and internationally responds to exposure drafts on behalf of its members where a proposed standard, policy pronouncement, regulation or legislative instrument is likely to directly affect the interests of the profession and its members.


Typically, IIA-Australia comments on internal audit practices, corporate governance, risk management and internal control, as a matter of public record.

IIA-Australia’s most recent submissions are listed below. A full set can also be found in the Knowledge Centre. Submissions from IIA Global Headquarters, IIA UK and Ireland are also available.

If you are aware of a consultation process which IIA-Australia should be involved with or to invite the IIA-Australia to make a submission, please contact:

E: technical@iia.org.au
T: +61 2 9267 9155
Toll Free: 1800 236 366 (outside Sydney)

Submissions in Australia

Submission on Whistleblower protections ( , 473 KB )
01-Feb-17 | Submission | IIA-Australia | Access: Public
IIA-Australia has lodged a submission in response to reviews of the Public Interest Disclosure Act and the Corporations Act of Whistleblower protections expressing our belief that the current framework for protection of whistle-blowers requires a re-think particularly because of gaps in the Corporations Act 2001. One of the areas Australian Securities and Investment Commission (ASIC) must urgently review is the issue of qualified privilege. Currently, an external auditor who makes a report to ASIC has qualified privilege (protection from proceedings for defamation).

But it is internal auditors who are also likely to be aware of serious wrongdoing, and be a conduit for whistleblowers, but it’s not clear they attract qualified privilege in the Corporations Act.
Pre-budget submission ( , 304 KB )
06-Feb-15 | Submission | IIA-Australia | Access: Public
IIA-Australia's submission to the request from the Treasurer regarding the 2015-16 budget. .
Assistance for AFS licensees ( , 1 MB )
01-Sep-14 | Submissions | ASIC/IIA | Access: Public
IIA-Australia's submission seeking clarification on breach reporting obligations in section 912D of the Corporations Act 2001 and the response from ASIC.
National Commission of Audit submission ( , 385 KB )
26-Nov-13 | Submission | IIA-Australia | Access: Public
IIA-Australia's submission to the National Commission of Audit. .
Financial System Inquiry ( , 178 KB )
05-Dec-13 | Submission | IIA-Australia | Access: Public
IIA-Australia's submission to the Financial System Inquiry. .
Public Management Reform Agenda ( , 333 KB )
11-Feb-14 | Submission | IIA-Australia | Access: Public
IIA-Australia's submission on a rule for fraud risk management and controls for Commonwealth entities to support sections 15 and 16 of the PGPA Act.
Review of the Local Government Act ( , 259 KB )
15-Mar-16 | Submission | IIA-Australia | Access: Public
Submission by the Institute of Internal Auditors (IIA- Australia) to the New South Wales Office of Local Government on the review of the Local Government Act.
Public Management Reform Agenda ( , 333 KB )
14-Feb-14 | Submission | IIA-Australia | Access: Public
IIA-Australia's submission on a rule for audit committees to support sections 45 and 92 of the PGPA Act. .
Discussion Paper: Consolidating prudential standards - Outsourcing, ( , 64 KB )
17-Mar-11 | Submission | IIA Australia | Access: Public
IIA-Australia's submission in relation to APRA's discussion paper on;consolidating prudential standards - outsourcing, business continuity management, governance and fit and proper.
Discussion paper response - APRA's proposed changes to Prudential Standards 310, 510 & 520 ( , 244 KB )
29-Jun-09 | Submissions | IIA Australia | Access: Public
IIA-Australia's submission in relation to APRA's discussion paper on enhanced supervision of life companies. IIA's submission highlights a number of areas which should be strengthened in addition to the proposed changes contained in the exposure drafts, specifically:
1. Clearer distinctions between external audit and internal audit, which reflect internal audit's increasing role as a critical driver of good governance.
2. Appropriate safeguards and mechanisms to enable the Chief Audit Executive (CAE) to conduct their role with independence and objectivity, without undue interference by management.
3. Suggestions for “fit and proper” for internal auditors which are commensurate with the level of specificity for external auditors.
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