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January 2026 Quarterly Risk Compass

Category:
April 29, 2026

NSW Audit Office Forward Work Program

Key Insights for Audit and Risk Committees

The NSW Audit Office’s Forward Work Program outlines planned financial and performance audits for the next three years, providing transparency and predictability for public sector entities. The program is structured to address areas of greatest risk and public interest, ensuring that audit resources are directed where they can have the most impact on governance, accountability, and service delivery. The program outlines planned audits for three years, enabling entities to prepare for upcoming focus areas.

NSW Audit Office – Capital Projects 2025

Provides a benchmark for reviewing the governance and risk management of capital projects

The “Capital Projects 2025” report by the NSW Audit Office provides a comprehensive review of the planning, delivery, and oversight of major capital projects across the New South Wales public sector. With billions of dollars invested annually in infrastructure, the report highlights the critical importance of robust governance, risk management, and transparency to ensure value for money and successful project outcomes.

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ANAO Performance Audit – Cyber Incident Management

Provides a benchmark for assessing an entity’s cyber incident management framework

The Australian National Audit Office’s (ANAO) “Cyber Incident Management” performance audit examines how effectively selected Australian Government entities detect, respond to, and recover from cyber incidents. With the increasing frequency and sophistication of cyber threats, robust incident management is essential for protecting sensitive information, maintaining public trust, and ensuring continuity of government services.

ANAO Insights – Grants Administration

Highlights common pitfalls and best practices that can inform internal audit coverage and assurance activities

The Australian National Audit Office’s (ANAO) “Insights: Grants Administration” distils lessons from recent audits of Commonwealth grant programs, highlighting common challenges and good practices in the design, delivery, and oversight of grants. With grants representing a significant investment of public funds, effective administration is essential for achieving intended outcomes, maintaining integrity, and minimising risk.

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