Assurance
The Board ensures that assurance services and functions enable an effective control environment and support the integrity of information for internal decision-making and external reports.
Progress towards our strategic outcome
Strategic objective
Strategic alignment
Status
FY2025/26 progress
Internal Audit Strategy 2025–2030 approved and aligned to Vision 2035
Strategic objective
Professional excellence
Status
FY2025/26 progress
Global Internal Audit Standards adopted
Strategic objective
Technology and innovation
Status
FY2025/26 progress
AI training, analytics capability, and continuous auditing expanded
Strategic objective
Quality and compliance
Status
FY2025/26 progress
External quality assessment completed
Strategic objective
Combined assurance
Status
FY2025/26 progress
Framework being formalised and implemented
Strategic objective
Predictive assurance
Status
FY2025/26 progress
Increased use of data analytics and continuous auditing
Risks to strategy delivery
Strategic risk
Funding constraints or delays
Potential impact
Slower implementation of strategic initiatives
Mitigation
Proactive budgeting and resource planning
Strategic risk
Skills gaps in AI, analytics, and emerging technologies
Potential impact
Reduced assurance effectiveness
Mitigation
Targeted training, certification, and specialist recruitment
Strategic risk
Technology disruption, cyber threats, and digital fraud
Potential impact
Increased risk exposure and assurance challenges
Mitigation
Continuous monitoring, benchmarking, and capability development