Eligibility and Selection Criteria for the Chair
The following are the essential and desirable criteria that will be relied upon for the selection of the successful Chair:
Essential:
a) Leadership qualities and the ability to promote effective working relationships in complex organisations;
b) An ability to communicate complex and sensitive assessments in a tactful manner to the council’s internal audit coordinator, senior management and the mayor and councillors;
c) A sound understanding of:
i. the principles of good organisational governance and capacity to understand local government accountability, including financial reporting;
ii. the business of the council or the environment in which it operates;
iii. internal audit operations, including selection and review of the council’s internal audit coordinator; and
iv. of risk management principles.
d) Extensive senior level experience in governance and management of complex organisations, an ability to read and understand financial statements and a capacity to understand the ethical requirements of government (including potential conflicts of interest);
e) Functional knowledge in areas such as risk management, performance management, human resources management, internal and external auditing, financial reporting, accounting, management control frameworks, internal financial controls, governance (including planning, reporting and oversight), or business operations;
f) A capacity to form independent judgements and a willingness to constructively challenge/question management practices and information; and
g) A professional, ethical approach to the exercise of their duties and the capacity to devote the necessary time and effort to the responsibilities of the chairperson of an audit, risk and improvement committee.
Desirable:
a) Possession of a relevant professional qualification or membership (e.g., Institute of Internal Auditors (IIA), CPA Australia (CPA) and Chartered Accountants Australia and New Zealand (CA).
Eligibility and Selection Criteria for the Members
The following are the essential and desirable criteria that will be relied upon for the selection of the successful Members:
Essential:
a) An ability to read and understand financial statements and a capacity to understand the ethical requirements of government (including potential conflicts of interest);
b) Functional knowledge in areas such as risk management, performance management, human resources management, internal and external auditing, financial reporting, accounting, management control frameworks, internal financial controls, governance (including planning, reporting and oversight), or business operations;
c) A capacity to form independent judgements and willingness to constructively challenge/question management practices and information;
d) A professional, ethical approach to the exercise of their duties and the capacity to devote the necessary time and effort to the responsibilities of an independent member of an audit, risk and improvement committee; and
e) Preparedness to undertake any training on the operation of audit, risk and improvement committees recommended by the chairperson based on their assessment of the skills, knowledge and experience of the independent member.
Desirable:
a) Extensive senior level experience in governance and management of complex organisations; and
b) Possession of a relevant professional qualification or membership (e.g., Institute of Internal Auditors (IIA), CPA Australia (CPA) and Chartered Accountants Australia and New Zealand (CA)).