Tax Office Audit Committee - Summary of the 2005-06 annual report to the Commissioner of Taxation

Overseeing governance and assurance policy

The Audit Committee, as required under the Financial Management and Accountability Act 1997, oversees internal governance and assurance policy to monitor and evaluate internal controls. The Committee oversees:

• implementation of Australian National Audit Office (ANAO) and internal audit recommendations
• internal reviews and actions that support governance
• implementation of external recommendations, including those from the Joint Committee on Public Accounts and Audits, Inspector-General of Taxation, Tax Ombudsman and the Board of Taxation.

The Audit Committee, chaired by Kevin Fitzpatrick, Acting Second Commissioner Law, met on eight occasions with six additional sub-committee meetings during 2005-06.