The University of Queensland’s Internal Audit team provides independent advice and assurance on the effectiveness of governance, management processes and internal controls within UQ. 

Background

Internal auditing is an independent and objective assurance and consulting activity designed to improve an organisation’s operations.

It helps an organisation accomplish its goals by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. 

 

Internal auditing at UQ

As a Queensland Statutory Body, UQ must observe the requirements of the Financial Accountability Act 2009 (the Act), and Financial and Performance Management Standard 2009 (the Standard).

Internally, UQ’s Internal Audit function is governed by the Internal Audit Charter (PDF, 352KB). The Charter is approved by the Senate Risk and Audit Committee (SRAC) in consultation with the Vice-Chancellor’s Risk and Compliance Committee (VCRCC).

Under the direction of the Senate and Executive Leadership (VCRCC), UQ’s Internal Audit team provides assurance at different levels of the University, including:

  • Senate
  • Executive leadership (VCRCC)
  • Heads of organisational units (faculties, schools, institutes, centres, divisions, etc.)
  • Local managers and supervisors.

 Find out more about UQ's internal auditing process.

 

Our scope of work

Internal Audit’s scope of work is to assess and provide assurance on whether:

  • UQ has an effective system of internal control, including governance, risk management and compliance frameworks
  • risks are appropriately identified and managed
  • interaction between the various governance groups occurs as needed
  • significant financial, managerial and operating information is accurate and timely
  • employees act in compliance with policies, standards, procedures, and applicable laws and regulations
  • resources are acquired economically, used efficiently, and adequately managed
  • quality and continuous improvement are fostered in the University’s control process.

 

Our independence

The Internal Audit function is unique within UQ in that it is independent of management.

While plans are developed in consultation with management, Internal Audit reports to the Senate Risk and Audit Committee. This allows the team to act with complete objectivity and independence.

Internal Audit cannot have any direct responsibilities for or authority over any of the activities which it audits.

 

Our accountability

While Internal Audit is independent, it has an obligation to provide high quality services to management and the Senate.

Internal Audit also has a responsibility to justify its selection of areas to audit, and ensure its processes meet professional standards. Its findings are evidence based, and any recommendations are sensible and practicable.

An External Quality Assurance Review of the Internal Audit function takes place every five years.

 

How are Internal and External Audit different?

The Internal Audit team performs a different function to that of the University’s external auditors.

UQ is audited externally by Deloitte, under contract to the Queensland Audit Office. The purpose of the External Audit is to report to the Queensland Parliament on the accuracy of the University’s annual financial statements.

Internal Audit liaises regularly with the external auditors to coordinate work and minimise duplication of effort.

Our current strategy

Our Annual Internal Audit Plan focuses on the following areas:

  • Providing assurance on the UQ Top Risks.
  • Adding value to the University through quality assurance and advisory services that create impact.
  • Working effectively with other governance functions as they develop, to maximise efficiency.
  • Promoting and supporting a One-UQ culture.

 

Who gets audited?

Internal Audits are conducted at various levels of the University, from local managers and supervisors through to the Senate.

Each year, in order to decide which areas are to be audited, the Internal Audit team undertake a planning process to determine the University’s current risks. An Annual Internal Audit Plan is then approved by the Senate Risk and Audit Committee.

The Audit Plan is reviewed regularly to ensure scheduled audits remain relevant and up-to-date with the operational and strategic needs of UQ.

 

Services

The UQ Internal Audit function offers two distinct categories of service.

Assurance

We provide assurance that UQ is operating as management intends, and in compliance with Senate policies and directives. This is achieved through:

  • UQ-wide or process-specific operational reviews
  • Information systems audits
  • Business assurance audits
  • Follow-up reviews
  • Project reviews
  • Grant certifications.

Find out more information about the Assurance process.

Insight

We provide insight and recommendations for improving processes, procedures and performance; and for reducing expenses and improving profits. This is achieved through:

  • Advisory reviews
  • Other activities.

Tamra SaaymanTamra Saayman
Associate Director

Tracy LaurenceTracy Laurence
Manager

Christine TayChristine Tay
Principal Assurance Officer (IS)

Eddie AthertonEddie Atherton
Principal Assurance Officer (IS)

Anne OurariAnne Ourari
Principal Assurance Officer

Elysaa ChinElysaa Chin
Principal Assurance Officer

ANZUIAG logo

Australian & New Zealand University Internal Audit Group (ANZUIAG) is a discussion group open to Internal Audit staff from Australian and New Zealand tertiary education providers.

Membership is available to those involved in audit or risk management in a university, TAFE, or higher education college in Australia and New Zealand.

LinkedIn

The ANZUIAG LinkedIn site has been set up to provide an area for questions and discussion among members. Join the ANZUIAG LinkedIn group (PDF, 451KB).

Mailing list

The ANZUIAG mailing list is a useful way for members to post a question, raise issues and share best practices and resources with other members.

To join the mailing list, email anzuiag-l-request@lists.unisa.edu.au with subscribe as the subject, or go to the ANZUIAG distribution list website.

Conference programs and presentations

2012 - Present

2011

2010