Submissions

Submissions


The IIA-Australia 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 to the Commonwealth Department of Finance re PGPA Act 2013 ( , 476 KB )
23-Nov-17 | Submission | IIA-Australia | Access: Public
The Institute of Internal Auditors - Australia recently made a submission in relation to the Commonwealth Department of Finance’s review of the Public Governance, Performance and Accountability Act 2013 (PGPA Act).

 

Submission on Draft Treasury Laws Amendment (Whistleblowers) Bill 2017 ( , 212 KB )
01-Dec-17 | Submission | IIA-Australia | Access: Public

IIA-Australia recently made a submission in relation to the definition of Whistleblower "disclosees" as contained in the draft legislation.

 

 

IIA-Australia submission on Audit Committees ( , 2 MB )
06-Dec-17 | Submission | IIA-Australia | Access: Public

IIA-Australia is also responding to the Department of Finance’s draft guide ‘Non-Corporate Commonwealth Entities (NCEs) Audit Committees – Independent advice and assurance for accountable authorities’.

IIA-Australia recommended a number of changes to the guide including that the majority of audit committee members and the chair of the audit committee should be external.

The IIA-Australia also argued the Head of Internal Audit should report directly to an accountable authority when providing assurance and advice.

 

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.
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.
Discussion paper response - Integrity and Accountability in Queensland discussion paper ( , 69 KB )
15-Sep-09 | Submissions | IIA Australia | Access: Public
IIA-Australia's submission in relation to Queensland Government's green paper on strengthening the state's current integrity and accountability framework and mechanisms.
Exposure draft response - ASAE 3100 - Compliance Engagements, February 2008 ( , 78 KB )
11-Feb-08 | Submissions | IIA Australia | Access: Public
IIA-Australia's submission on the exposure draft proposed by the Auditing and Assurance Standards Board in relation to the proposed standard on compliance engagements.
Exposure draft response - ASAE 3500 - Performance Engagements, April 2008 ( , 73 KB )
14-Apr-09 | Submissions | IIA Australia | Access: Public
IIA-Australia's submission on the exposure draft proposed by the Auditing and Assurance Standards Board in relation to proposed standard ASAE 3500 - Performance Engagements.
Exposure draft response - Proposed global risk management standard, May 2008 ( , 133 KB )
14-May-08 | Submissions | IIA Australia | Access: Public
IIA-Australia's submission in relation to the exposure draft on the proposed global standard on risk management - ISO/DIS 31000.
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