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The changing nature of the higher education environment coupled with growing commercial and competitive aspects of higher education, the heightened requirements of corporate governance and accountability in the context of devolved systems, and increased vulnerability to risks, demand openness and responsiveness of the assurance function to this changing environment. This is particularly so regarding Assurance and Risk Management Services' functional role in relation to accountability, financial and risk management but also in relation to organisational efficiency generally.
In line with the QUT Blueprint, Assurance and Risk Management Services contributes to
QUT's Mission, Goals, and Key Performance Indicators through its strategic role by assisting the University in effective resource and risk management, business process improvement and providing assurance, thus leading to enhanced accountability and corporate governance within the University.
Specific Purpose
The specific purpose of the Assurance and Risk Management Services is to add value to the University's operations and assist the University to achieve its corporate goals by providing independent analysis, appraisals, recommendations, counsel and information regarding the University's systems of internal control, effectiveness of the risk management and the quality of performance of the University.
Performance Standards
In order to ensure that the University's requirements for performance standards of the Assurance and Risk Management Services are achieved, relevant professional codes, standards and practices established by the relevant professional organisations and by professional peers in the higher education sector are kept under review through the adoption of a continuous improvement agenda.
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