DOC

Annexe D Attestation Statement Template Internal Audit and Risk

By Ana Hernandez,2014-12-11 02:32
8 views 0
Annexe D Attestation Statement Template Internal Audit and Risk

Annexe D

Attestation Statement Template (Internal Audit

    and Risk Management Policy Compliance)

    Treasury Circular NSW TC 09/08 August 2009 requires the department head or governing board of the statutory body to attest to compliance with the ‘core

    requirements’ set out in the Policy annually.

    The department head or governing board of the statutory body must use the relevant Attestation Statement Template (either Template D1 or D2) to attest that for the relevant reporting period the department or statutory body is compliant with the ‘core requirements’.

Meaning of Compliant

‘Compliant’ means that for each core requirement either the department or

    statutory body has the core requirement in place’ (for the financial year ending

    on or after 30 June 2010) or ‘in operation’ (for financial years ending on or after

    30 June 2011) or the department or statutory body has a determination from the Portfolio Minister that the circumstances for an exception to the core requirement exist in the department or statutory body for the relevant reporting period.

Attesting for Controlled Entities

Where a department or statutory body has ‘control’ of an entity (or subsidiary),

    as defined in the Australian Accounting Standards, the parent department or statutory body should consider the impact of the controlled entity (or subsidiary) when making the declaration. The parent entity may elect to include a controlled entity (or subsidiary) in the declaration. Where a parent entity elects to do so, it should declare which controlled entities (or subsidiaries) on behalf of which the attestation is made. Where a controlled entity (or subsidiary) is scheduled under annual reporting legislation to prepare an annual report, the controlled entity (or subsidiary) must make its own declaration.

Template D1: No Exceptions

Internal Audit and Risk Management Attestation for the

    200X-201X Financial Year for [department or statutory

    body]

In the case of compliance with no exceptions use the following:

    I, [department head or governing board of the statutory body] am of the opinion that the [department or statutory body] has internal audit and risk management processes in place that are, in all material respects, compliant with the core requirements set out in Treasury Circular NSW TC 09/08 Internal Audit and

    Risk Management Policy. These processes provide a level of assurance that enables the senior management of [department or statutory body] to understand, manage and satisfactorily control risk exposures.

    I, [department head or governing board of the statutory body] am of the opinion that the Audit and Risk Committee for [department or statutory body] is constituted and operates in accordance with the independence and governance requirements of Treasury Circular NSW TC 09/08 . The Chair and Members of the Audit and Risk Committee are:

; independent Chair (term of appointment)

    ; independent Member 1 (term of appointment) etc.

    ; non-independent Member 1 (term of appointment) etc.

[Where a department or statutory body has ‘control’ of an entity (or subsidiary),

    as defined in the Australian Accounting Standards, and the department or statutory body elects to include a controlled entity (or subsidiary) in the Attestation, use the following wording to declare each of the controlled entities

    (or subsidiaries) on behalf of which the attestation statement is made:

    I, [department head or governing board of the statutory body] declare that this Internal Audit and Risk Management Attestation is made on behalf of the following controlled entities (or subsidiaries):

    ; controlled entity (or subsidiary) 1

    ; controlled entity (or subsidiary) 2 etc.]

Department Head or in accordance with a

    resolution of the Governing Board of the

    Statutory Body

    (Sign and Date)

    Department or Statutory Body Contact Officer

    (Position and contact details)

Template D2: Exceptions

Internal Audit and Risk Management Attestation for the

    200X-201X Financial Year for [department or statutory

    body]

In the case of compliance with exceptions use the following:

    I, [department head or governing board of the statutory body] am of the opinion that the [department or statutory body] has internal audit and risk management processes in place that are, excluding the exceptions described below, compliant with the core requirements set out in Treasury Circular NSW TC 09/08 Internal

    Audit and Risk Management Policy.

    I, [department head or governing board of the statutory body] am of the opinion that the internal audit and risk management processes for [department or statutory body] depart from the following core requirements set out in Treasury Circular NSW TC 09/08 and that (a) the circumstances giving rise to these departures have been determined by the Portfolio Minister and (b) the [department or statutory body] has implemented [or is implementing] the following practicable alternative measures that will achieve a level of assurance equivalent to the requirement:

Ministerially Determined Reason for Departure and Description of

    Departure Practicable Alternative Measures

     Implemented

    ; Core Requirement X ; Detailed description of

     circumstances giving rise to

    departure(s)

    ; Detailed description of the

    alternative measures implemented

    / being implemented to achieve

    equivalent level of assurance

    The determination by the Portfolio Minister for [department or statutory

    body] in respect of these departures, dated XX month 20XX, is appended to

    this attestation statement.

    These processes, including the practicable alternative measures [being] implemented, provide a level of assurance that enables [will enable] the senior management of [department or statutory body] to understand, manage and satisfactorily control risk exposures.

    I, [department head or governing board of the statutory body] am of the opinion that the Audit and Risk Committee [or shared service / policy cluster equivalent] for [department or statutory body] is constituted and operate[s] in accordance with the independence and governance requirements of Treasury Circular NSW TC 09/08 . The Chair and Members of the Audit and Risk Committee are: ; independent Chair (term of appointment)

    ; independent Member 1 (term of appointment) etc.

    ; non-independent Member 1 (term of appointment) etc.

    [Where a department or statutory body has ‘control’ of an entity (or subsidiary), as defined in the Australian Accounting Standards, and the department or statutory body elects to include a controlled entity (or subsidiary) in the Attestation, use the following wording to declare each of the controlled entities

    (or subsidiaries) on behalf of which the attestation statement is made:

    I, [department head or governing board of the statutory body] declare that this Internal Audit and Risk Management Attestation is made on behalf of the following controlled entities (or subsidiaries):

    ; controlled entity (or subsidiary) 1

    ; controlled entity (or subsidiary) 2 etc.]

Department Head or in accordance with a

    resolution of the Governing Board of the

    Statutory Body

    (Sign and Date)

    Department or Statutory Body Contact Officer

    (Position and contact details)

Report this document

For any questions or suggestions please email
cust-service@docsford.com