Responsibility for internal control rests primarily with the Managing Mediators (in tandem with the Director of Family Mediation) who, without regard to audit activity, should identify and manage the risks and ensure that appropriate and adequate control arrangements exist within their area of responsibility.
The role of the Internal audit function is to provide independent, objective assurance to the Board and to management on the adequacy and effectiveness of the Board’s system of internal controls as well as on the management of risk and on the achievement of proper, efficient, effective and economic use of resources. In fulfilling its role the Internal Audit function will critically review on a risk focused basis:
- the reliability and integrity of internal financial and other controls a of management information;
- internal controls to ensure risks are effectively identified and managed and that the Board’s assets and interests are properly accounted for and safeguarded;
- compliance with relevant objectives, policies, plans and procedures;
- reporting on units and the materialisation of risks;
- that value for money is obtained across relevant activities.