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ACT HEALTH DIRECTORATE AUDIT AND RISK MANAGEMENT COMMITTEE CHARTER July 2023Document Control Prepared for: ACT Health Directorate Document owner: Executive Branch Manager, Governance and Risk Filename:
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The charter of form audit is a formal document that outlines the framework and guidelines for conducting an audit, ensuring compliance with relevant regulations and standards.
Entities that are subject to audit requirements, typically organizations that meet certain financial thresholds or regulatory obligations, are required to file the charter of form audit.
To fill out the charter of form audit, one must provide specific details including the organization's information, scope and objectives of the audit, and the methodology to be used, all in accordance with the designated formats and guidelines.
The purpose of the charter of form audit is to establish a clear understanding of the audit's scope, authority, and responsibilities, thereby enhancing the transparency and accountability of the audit process.
The charter of form audit must report information such as the audit's objectives, the parties involved, the timeframe, the resources required, and the criteria for evaluating the audit's results.
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