Under the lighter touch scheme, WEA will now only undertake audits based on identified, risk based issues.
Under the Wheat Export Marketing Act 2008 (the Act) WEA can require accredited exporters to:
Penalties apply for non-compliance with these requirements.
In accordance with section 31 of the Act, WEA can direct an accredited wheat exporter to arrange for an external auditor to carry out an audit and to provide WEA with a written report setting out the audit results.
An audit can be requested in relation to the following matters:
If the audit relates to the accredited exporter’s compliance with conditions of accreditation, WEA may request the auditor, to provide:
WEA will make the request in writing which will specify the matters to be covered by the audit, the form of the audit report, the kind of details it is to contain and the deadline for providing the audit report.
WEA may, in writing, authorise a specified individual or body to be the external auditor. WEA may also conduct random audits of accredited exporters, as part of its ongoing monitoring activities.
If an accredited wheat exporter has incurred reasonable expenses in complying with the requirement to appoint an external auditor WEA must, on behalf of the Commonwealth, reimburse those expenses if provided with a properly itemised invoice.