Local Government Internal Audit Compliance
Local government councils (LGC) rely on a number of funding sources including state and federal governments as well as their community constituents to enable them to provide a range of public services. Given the constraints on these funding sources councils need to have in place a range of strateg...
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doaj-26a1e53d5a2647aea2c53d9cc63ae2a62020-11-24T22:29:01ZengUniversity of WollongongAustralasian Accounting, Business and Finance Journal1834-20001834-20192015-09-01935971Local Government Internal Audit ComplianceGreg Jones0Claire Beattie1University of Southern Queensland, AustraliaUniversity of Southern Queensland, AustraliaLocal government councils (LGC) rely on a number of funding sources including state and federal governments as well as their community constituents to enable them to provide a range of public services. Given the constraints on these funding sources councils need to have in place a range of strategies and policies capable of providing good governance and must appropriately discharge their financial accountabilities. To assist LGC with meeting their governance and accountability obligations they often seek guidance from their key stakeholders. For example, in the Australian State of New South Wales (NSW), the Office of Local Government has developed a set of guidelines, the Internal Audit Guidelines. In 2010 the NSW Office of Local Government issued revised guidelines emphasising that an internal audit committee is an essential component of good governance. In addition, the guidelines explained that to improve the governance and accountability of the councils, these committees should be composed of a majority of independent members. To maintain committee independence the guidelines indicated that the Mayor should not be a member of the committee. However these are only guidelines, not legislated requirements and as such compliance with the guidelines, before they were revised, has been demonstrated to be quite low (Jones & Bowrey 2013). This study, based on a review of NSW Local Government Councils’ 2012/2013 reports, including Annual Reportsrelation to internal audit committees, to determine if the guidelines are effective in improving local government council governance.http://ro.uow.edu.au/aabfj/vol9/iss3/5AccountabilityAuditcouncilsgovernanceinternal auditlocal government |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Greg Jones Claire Beattie |
spellingShingle |
Greg Jones Claire Beattie Local Government Internal Audit Compliance Australasian Accounting, Business and Finance Journal Accountability Audit councils governance internal audit local government |
author_facet |
Greg Jones Claire Beattie |
author_sort |
Greg Jones |
title |
Local Government Internal Audit Compliance |
title_short |
Local Government Internal Audit Compliance |
title_full |
Local Government Internal Audit Compliance |
title_fullStr |
Local Government Internal Audit Compliance |
title_full_unstemmed |
Local Government Internal Audit Compliance |
title_sort |
local government internal audit compliance |
publisher |
University of Wollongong |
series |
Australasian Accounting, Business and Finance Journal |
issn |
1834-2000 1834-2019 |
publishDate |
2015-09-01 |
description |
Local government councils (LGC) rely on a number of funding sources including state and federal
governments as well as their community constituents to enable them to provide a range of public services.
Given the constraints on these funding sources councils need to have in place a range of strategies and policies
capable of providing good governance and must appropriately discharge their financial accountabilities. To
assist LGC with meeting their governance and accountability obligations they often seek guidance from their
key stakeholders. For example, in the Australian State of New South Wales (NSW), the Office of Local
Government has developed a set of guidelines, the Internal Audit Guidelines. In 2010 the NSW Office of
Local Government issued revised guidelines emphasising that an internal audit committee is an essential
component of good governance. In addition, the guidelines explained that to improve the governance and
accountability of the councils, these committees should be composed of a majority of independent members.
To maintain committee independence the guidelines indicated that the Mayor should not be a member of the
committee. However these are only guidelines, not legislated requirements and as such compliance with the
guidelines, before they were revised, has been demonstrated to be quite low (Jones & Bowrey 2013). This
study, based on a review of NSW Local Government Councils’ 2012/2013 reports, including Annual Reportsrelation to internal audit committees, to determine if the guidelines are effective in improving local
government council governance. |
topic |
Accountability Audit councils governance internal audit local government |
url |
http://ro.uow.edu.au/aabfj/vol9/iss3/5 |
work_keys_str_mv |
AT gregjones localgovernmentinternalauditcompliance AT clairebeattie localgovernmentinternalauditcompliance |
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