Australian Audit specialises in providing Internal Audit services. All Internal Audit work is undertaken in accordance with the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors Australia.

Internal Audit

Internal audit is an assurance service for businesses and encompasses a review and assessment of the efficiency and effectiveness of business processes and management control environment.

This also includes IT general control environment reviews, risk management assessments and evaluation of governance practices.

Australian Audit currently undertakes Internal audit work on behalf of state government departments and agencies and also for local government.

Risk Management

Risk management is an important and critical element within every business.

All state governemnt and local government departments and agencies are required, as part of their respective legislations, to identify both operational risks and strategic risks and to assess and manage those risks.

Although there are no legislative requirements empowering not for profit and charitable organisations to identify and assess their business and operational risks it is a good governance measure to adopt.

Australian Audit assists its clients, especially not for profit and charitable organisations, to identify and assess their operational and strategic risks.

Do not hesitate to contact us.