Appendix A Audit Act 1994 section 16—submissions and comments

We have consulted with DEDJTR, DELWP, DET, DHHS, DJR, DPC and DTF, and we considered their views when reaching our audit conclusions. As required by section 16(3) of the Audit Act 1994, we gave a draft copy of this report, or relevant extracts, to those agencies and asked for their submissions and comments.

Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.

Responses were received as follows:

3 Measuring performance and communicating insights

Internal audit should demonstrate its performance and value as part of the department's governance framework. It can do this by delivering on its objectives, communicating meaningful insights, reporting on implementation of audit recommendations, and showing commitment to quality and continuous improvement by establishing, measuring and reporting against performance measures. This builds credibility and trust with the audit committee and management.

1 Audit context

Internal audit is a key pillar of good governance. It provides the audit committee, the Secretary of a department, senior executives and stakeholders with an independent view on whether the department has an appropriate risk and control environment. It also helps promote a strong risk management and compliance culture within a department.

According to the IIA, internal audit helps a department accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, internal controls and governance processes.

Audit overview

Internal audit is intended to be an independent, objective assurance and consulting activity designed to add value and improve an agency's operations. It can be an important part of the internal control framework and help an agency accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, internal controls and governance processes.

Acronyms

ANAO Australian National Audit Office
CAE Chief audit executive
CFO Chief financial officer
DEDJTR Department of Economic Development, Jobs, Transport and Resources
DELWP Department of Environment, Land, Water and Planning
DET Department of Education and Training
DHHS

Acronyms

ACCRI Asset Management Accountability Framework
AMAF Asset Condition and Criticality Risk Index
CEO Chief executive officer
CSM Customer satisfaction monitor
DEDJTR Department of Economic Development, Jobs, Transport and Resources
DPC Department of Premier and Cabinet

Message

Ordered to be printed

VICTORIAN GOVERNMENT PRINTER August 2017

PP No 257, Session 2014–17

The Hon. Bruce Atkinson MLC

President

Legislative Council

Parliament House

Melbourne
 
Hon Colin Brooks MP

Speaker

Legislative Assembly

Parliament House

Melbourne
 

Dear Presiding Officers

Message

Ordered to be printed

VICTORIAN GOVERNMENT PRINTER August 2017

PP No 259, Session 2014–17

The Hon. Bruce Atkinson MLC

President

Legislative Council

Parliament House

Melbourne
 
Hon Colin Brooks MP

Speaker

Legislative Assembly

Parliament House

Melbourne
 

Dear Presiding Officers

Appendix E Financial performance

To assess the efficiency of V/Line passenger train services, we established a set of agreed measures in consultation with V/Line and PTV. V/Line provided data for each performance measure for the years 2012−13 to 2015−16 and forecasts for 2016−17.

Figures E1 to E14 show V/Line's relative performance on a range of measures using 2012−13 as the baseline year, with dollar figures adjusted for inflation. Figures E15 to E18 show long-term trends where data was available from the 'Should Cost' Bid to Operate V/Line Franchise Agreement report (the 2013 review).