Audit and assurance committee handbook

Annex H: Competency framework

All members of the committee should have, or acquire as soon as possible after appointment:

• understanding of the objectives of the organisation and current significant issues for the organisation
• understanding of the organisation's structure, including key relationships such as that with a sponsoring directorate/portfolio or a major partner
• understanding of the organisation's culture
• understanding of any relevant legislation or other rules governing the organisation
• understanding of the organisation’s three lines of assurance and sources of assurance
• broad understanding of the government environment, particularly accountability structures and current major initiatives
• understanding of responsibilities and expectations of the Board and Committee, regarding the support, check and challenge of the Internal/External Audit function
• understand the requirement to ensure the Internal/External audit functions are independent and qualified
• understanding of the Board’s role to ensure the Internal/External audit function is effective

The committee should collectively possess:

• knowledge/skills/experience (as appropriate and required) in:
  • accounting
  • risk management
  • audit
  • technical or specialist issues pertinent to the organisation's business
• experience of managing similar sized organisations and people management skills
• understanding of the wider relevant environments in which the organisation operates
• detailed understanding of the government environment and accountability structures