Internal Audit Allocation 2023/24                                                                                 

 

DESCRIPTION	DAYS 2023/24	DAYS 2022/23	VARIANCE	NOTES
Total available days	1,040	1,040	0	1
Total lost days	238	213	25	2
Total non-chargeable days	90	90	0	3
Total chargeable days	712	737	(25)	4
Total lost, non-chargeable, chargeable days	1,040	1,040	0
Proportion of chargeable days	68%	71%	(3%)
Proportion of non-chargeable days	9%	9%	0%
Proportion of lost days	23%	20%	3%

 

Notes                                                                                           

 

1.    Total available days is the full-time hours (260 working days) for one internal audit and risk manager and three auditors, which remains unchanged from the prior year.

 

2.    Total lost days includes annual leave, public holidays (including office shutdown), and other planned/unplanned leave (e.g., sickness, medical appointments, paternity leave).  The amount is affected by carry forward of leave and the purchase of additional leave (maximum five days each annual leave year).

 

3.    Total non-chargeable days comprises administration (e.g., performance management, recruitment), meeting attendance, and training and development. Total days remains unchanged from the prior year.

 

4.    Total chargeable days includes planned (key financials, assurance audits) and unplanned (e.g., consultancy, investigations) internal audit work, ad-hoc advice, recommendations follow up, and audit management (e.g., quality assurance, reporting, internal audit methodology). Total chargeable days is lower in 2023/24 due to the increase in total lost days from the prior year.