Managing risk and internal accountability

The accountable authority of a Commonwealth entity must establish and maintain an appropriate system of risk oversight and management for the entity, and an appropriate system of internal control for the entity to ensure public resources they are responsible for are properly managed.

The PGPA Act provides flexibility to establish those systems and to create an operating environment that supports the proper use and management of public resources, while applying the minimum controls required to achieve the entity’s outcomes without stifling innovation.

Duties

Duties helps Commonwealth officials and accountable authorities understand their obligations under the finance law. These obligations are consistent with requirements under the APS Code of Conduct and provide reference to other employment frameworks where relevant.

Risk & internal controls

Risk and internal controls covers the Commonwealth Risk Management Framework as well as compliance reporting and internal control systems in the Commonwealth.