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

IIA-Australia response to Auditing Standard ASA 315
19-Sep-18 | | IIA-Australia | Access: Public
IIA-Australia recently provided comment on Proposed Auditing Standard ASA 315 Identifying and Assessing the Risks of Material Misstatement.

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Submission to the Financial Services Royal Commission
05-Sep-18 | Submission | IIA-Australia | Access: Public

The Institute of Internal Auditors – Australia made a voluntary submission to the Royal Commission in relation to the role of internal auditors in the banking and broader financial services industry.

View the submission

Submission to ASX CGC on draft 4th Edition Principles and Recommendations
01-Aug-18 | Submission | IIA-Australia | Access: Public

IIA-Australia as a member of the ASX Corporate Governance Council (ASX CGC), has made a submission to the Council with respect to the 4th Edition Consultation Draft of its Principles and Recommendations.

View the submission

PGPA Submission ( , 640 KB )
22-Jun-18 | Submission | IIA-Australia | Access: Public

IIA-Australia recently submitted a submission to the 'Review of Public Governance, Performance and Accountability Act 2013 (PGPA Act) and Rule'.

 

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.

 

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. .
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.
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.
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