ABS Audit Committee Charter 2020
The Australian Statistician has established the Audit Committee in accordance with Section 45 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act), and Section 17 of the Public Governance, Performance and Accountability Rule 2014 (PGPA Rule).
The ABS Audit Committee Charter sets out the functions of the Audit Committee which include: reviewing the appropriateness of the Australian Statistician’s financial reporting; performance reporting; system of risk oversight and management; and system of internal control.
The Audit Committee Charter reviews the appropriateness of this Charter at least annually, and recommends any substantive changes for consideration by the Australian Statistician”.
Since it was last updated in December 2018, the Audit Committee Charter 2020 incorporates further changes to reflect the recent amendment to the PGPA Rule 2014 and revised wording from the updated Resource Management Guide (RMG) 202. These include:
- System of Internal Controls - The mechanism for reviewing Parliamentary committee reports and external reviews and reviewing the implementation of resultant recommendations.
- Membership - The number of members has been revised from a minimum of five to a minimum of three. This anticipates the change in the PGPA Rule 2014 proscribing the participation of agency officials as members of audit committees from 1 July 2021.
- Independence – Revised words to more simply convey the advisory nature of the Committee’s role.
ABS Audit Committee Charter.pdf