Thursday, 1 February 2018

Ceisteanna (311)

Catherine Murphy


311. Deputy Catherine Murphy asked the Minister for Rural and Community Development if his Department has completed an external quality assurance assessment of its internal audit function as required by the Institute of Internal Audit standards that were introduced in 2012 (details supplied); and if he will make a statement on the matter. [5117/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Rural)

The Department of Rural and Community Development which was established in July 2017, is in the process of setting up a range of financial functions.

A new internal audit function is a priority to contribute to the improvement of the organisation’s governance, risk management and control procedures using a systematic, disciplined and risk-based approach.  When fully operational, the internal audit unit will be bound by charter and by the Department of Public Expenditure and Reform’s Internal Audit Standards, to external reviews at least once every five years by a qualified, independent reviewer or review team from outside the organisation.  An Audit Committee has already been established by the Department and has an oversight role also.