Audit and Risk Committee Independent Chairs and Members
Tender Overview
About this tender
Treasury Policy Paper TPP 09-05, Internal Audit and Risk Management Policy for the NSW Public Sector was first issued in August 2009. The Policy has since been reviewed and updated, and is now TPP 15-03 Internal Audit and Risk Management Policy for the NSW Public Sector (The Policy). The Policy requires agencies to maintain organisational arrangements that provide additional assurance, independent from operational management, on internal audit and risk management. TPP 15-03 mandates a set of core requirements that departments and statutory bodies must implement. Specifically, Core Requirement 3.1 requires agencies to establish an independent Audit and Risk Committee with appropriate expertise. TPP 15-03 requires Independent Chairs and Members to be drawn from the Panel of prequalified individuals maintained through this Prequalification Scheme, Audit and Risk Committee Independent Chairs and Members, established under Department of Premier and Cabinet Circular C2009-13, Prequalification Scheme: Audit and Risk Committees. The Panel comprises highly skilled members with extensive experience across a range of policy areas, is an important element in ensuring strong governance of NSW public sector agencies and provides a valuable contribution to the NSW public sector.
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