Internal Control

Risk Management

Risk Management is a systematic process of understanding, evaluating and addressing the risks to an organisation to maximise the chances of that organisation's objectives being achieved.

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System of Internal Control

The system of internal control includes the policies, processes, tasks and behaviours which enable an organisation to operate with effectiveness and efficiency, have reliable financial reporting in place, and be compliant with laws, regulations and policies. Overall, internal controls allow the organisation to respond to risks appropriately.

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Audit Committees

Most Governance Codes and Guidance in the public sector requires that Boards should establish an audit committee to have oversight of and advise on internal controls, risk management and audit matters. This page will review the requirements around the Audit Committees for State Bodies, Government Departments, Local Authorities and Non-Profit organisations.

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Internal Audit

Internal Audit is part of the management control system in an organisation. It is an internal appraisal service, established by the management of an organisation, which reviews the internal control system

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External Audit

All organisations are subject to external audits. The external auditor provides an independent review of the organisation's financial statements. The external auditor may also assist the organisation in improving their accounting and internal control systems by issuing management letters.

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Public Accounts Committee

The Committee of Public Accounts examines the accounts of Government Departments and State Agencies, and looks specifically at the reports of the Comptroller & Auditor General (C&AG). The Committee is part of the public accountability process and is a standing Committee of Dail Eireann.

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