Publication - Advice and guidance

Audit and Assurance committee handbook

Published: 3 Apr 2018
Directorate:
Internal Audit and Assurance Directorate
Part of:
Public sector
ISBN:
9781788517553

Guidance on the principles and best practise for the organisation of Audit and Assurance committees.

Audit and Assurance committee handbook
Annex G: Competency framework

Annex G: 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.

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.

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