This page relates to the 2021-24 National Land Transport Programme.
Waka Kotahi NZ Transport Agency has a legal obligation to audit organisations that are funded through the National Land Transport Programme (NLTP).
The audit programme includes two types of investment audits:
Procedural audits typically take place every three years and technical audits every six years. Waka Kotahi (for its own activities) and Auckland Transport are exceptions – they account for over half of the land transport programme and are audited annually.
The Land Transport Management Act 2003 section 95 (1)(e)(ii) requires us (Waka Kotahi as investor) to audit the performance of approved organisations in relation to activities we have approved.
In selecting the approved organisations and Waka Kotahi (for its own activities) to audit, we consider three risk factors:
We publish the investment audit programme each year as a general circular prior to the upcoming NLTP year, which starts in July. The audit programme lists the approved organisations and Waka Kotahi (for its own activities) we intend to audit, gives details of the type of audit to be completed and the quarter of the year when the audit will take place. We contact the approved organisations and Waka Kotahi (for its own activities) selected for auditing approximately one month before the audit commences.
We provide two types of investment audits – technical and procedural.
The procedural investment audits typically take place every three years. The list of procedures or areas of focus includes:
Technical investment audits typically take place every six years.
The technical aspects considered include:
As part of the review, we carry out a network inspection.
For the investment audit programme see:
For further questions please contact the Risk and Assurance team at RiskAssSharedMail@nzta.govt.nz