IIA-Australia White Paper - Auditing Transparency

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Author	Barry Davidow BCom, BAcc, MTaxLaw, ACA, CFE, CRMA, PFIIA, Advanced Diploma of Government (Management), Diplomas in Risk Management and Business Continuity, Government (Fraud Control), Government (Investigation) and International Financial Management. Naveen Moda BCom, Chartered Accountant (CA ANZ), Diploma in Public Sector Management, Diploma in Investigation
Date	2023
Topics Explored	Internal Audit
Format	White Paper
Extract/Description	Transparency is core to building and maintaining trust. Internal audit has a significant role to play in an organisation’s transparency activities, from providing advice to acting as a third line of assurance by undertaking audits of transparency processes generally and transparency in specific projects. Best results are often achieved through real-time audits.
Key Points	Transparency should not be an add-on or a last minute thought. It needs to be part of the design of the strategy, operations or project. Conflicts of interest must be managed. Transparency fails when there is a suspicion that an entity or entities are being given greater access or allowed to lobby when others are not. There should be adequate transparency to ensure those within the organisation are seen to be taking due care. There should be measures to show external parties that the activities are being undertaken in accordance with probity principles.
Relevant Industries	Government
Level of Assumed Knowledge	Expert