Audit

Welcome to the Audit website.  This website contains information about the University's audit function which includes internal audit and external audit.

Internal Audit

The Internal Audit function refers to the three operational components of the internal audit management framework, namely:  in-sourced from within the Risk Management & Audit Office; out-sourced providers; and a co-sourced (partnering) arrangement with contribution from both sources.

The Internal Audit function reports administratively via the Director, Risk Management & Audit Office to the Director, Policy & Planning on behalf of the Vice-Chancellor, and functionally to the Chair of the Audit & Risk Management Committee, on behalf of University Council.

Internal Audit provides an independent and objective assurance and consulting activity designed to add value to and improve the ANU’s operations. Internal Audit helps the ANU to achieve its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. The Internal Audit Charter guides and limits the activities of Internal Audit.

External Audit

The External Audit function refers to the annual audit of the University's Financial Statements by the Australian National Audit Office (ANAO).  The purpose of the external audit is to confirm that the University's financial statements have been prepared in accordance with Schedule 1 of the Commonwealth Authorities and Companies Orders made under the Commonwealth Authorities and Companies Act 1997 and give a true and fair view of the ANU's and the economic entity's financial position.