Wednesday 28 December 2011

Audit Committee at ITSA promoting corrupt Conduct


Adam Toma National Manager Enforcement and Regulations is part of the Audit Committee at ITSA. Veronique Ingram is aware he is promoting corrupt conduct on this board. How many of the other board member are also corrupt and the Inspector General is aware of this??
I have the evidence of Adam Toma's corrupt conduct .
This is why ITSA can do nothing about these bloggs. If they take me to court it will expose them. If the Audit committee had done their job correctly it would not have been necessary for the Ombudsman to identify the shortcomings of ITSA. Instead of exposing this the Ombudsman did a deal to cover this up.
Adam Toma is promoting corrupt conduct, therefore is 
Peter McQuoid, Peter Kennedy,Pat Tragauer and also Andrew Robninson doing the same????
What a lot of shit!!!!!!!
Audit Committee
ITSA’s Audit Committee advises the Chief Executive and the National Management Board on a range of audit and financial practice matters. In addition to considering the results of the various internal and external audits and, importantly, the action subsequently taken to respond to and implement auditors’ recommendations, the committee monitors the application of, and compliance with, systems and frameworks for ensuring high levels of internal control, financial reporting, risk management and fraud control.
The Audit Committee has three members: an independent (external) Chairman and two ITSA senior executives.
The Audit Committee membership for the relevant periods of the 2010–11 financial year were as follows:
  • Mr Peter Kennedy PSM (Independent Chairman) – July to September 2010
  • Mr Peter McQuoid (Independent Chairman) – September 2010 – June 2011
  • Adam Toma (National Manager, Trustee Services and Audit Committee Member) –
    July 2010 – June 2011
  • Pat Tragauer (Business Manager, Information and Registries and Audit Committee Member) – July 2010 – June 2011
  • Andrew Robinson (National Manager, Information and Registries and Audit Committee Member) – January to June 2011.
Following a competitive tender process, ITSA awarded a contract to a new internal audit provider, Moore Stephens, in September 2010. Committee meetings ordinarily are attended by ITSA’s internal auditors (KPMG until September 2010 and Moore Stephens from September 2010), ITSA’s Corporate Strategy and Support National Manager, the Chief Finance Officer, and the Finance Manager. Australian National Audit Office representatives attend as observers.
Internal Audits completed during 2010-11 tested both compliance and performance in a range of areas, including payroll, cash handling, and business continuity planning. Prior to the commencement of the new service provider, Internal Audit also conducted reviews in the areas of Bankruptcy Legislation Amendment Act preparedness, Workflow Management Solutions Options Analysis, and the Enforcement Management Assurance Framework.
As a performance improvement initiative during 2010-11, the Committee engaged the Institute of Internal Auditors to conduct a Quality Assessment of the Internal Audit function at ITSA. The results of this review have informed continuing improvements in the delivery of internal audit services at ITSA

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