Annual Report 2004-05

Internal Audit and Risk Management Arrangements

Sections:

• Internal Audit |
• Ethics Awareness and Fraud Control |
• Portfolio Evaluations |
• Enterprise Risk Management |

Internal Audit

Management Audit Branch, within the Inspector-General's Group, provided an internal audit capability in accordance with an annual audit work program approved by the Defence Audit Committee. The Branch undertook a number of investigative tasks requested by Ministers and senior Defence officials, or as a result of suspect transactions identified through computer-aided audit techniques.

Management Audit Branch completed 86 audits and 41 Management Directed Tasks in 2004-05. Management Directed Tasks can be requested by Ministers and very senior Defence managers and are given priority for action.

Towards the end of 2004-05, the Materiel Audit Committee was established, prior to the Defence Materiel Organisation becoming a prescribed agency on 1 July 2005. The Inspector-General is an adviser on both committees.