RSM Australia

Tim Pittaway
Partner


Offices : Melbourne, Sydney
Service :
Biography

Tim is a Director of the Risk Advisory division in Sydney.

Tim has over 15 years' specialist experience in the provision of internal audit, risk management, compliance audit, market audit, climate change and alliance audit services, working with both the public and private sectors. He has assisted clients in the energy, utilities, regulatory, mining, infrastructure, health and public transport industries. He works closely with senior management in helping organisations manage their risks, and regularly presents to boards and audit committees on audit findings, risk management and business improvements.

Tim Pittaway is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Significant projects

  • Advised clients on areas of focus and key risks to be addressed through the development and delivery of strategic internal audit plans and assurance mapping.
  • Led the delivery of greenhouse and energy audit services on behalf of the Clean Energy Regulator and for corporations directly with multi-disciplinary teams with expertise in compliance, engineering and environmental science, and providing practical recommendations to address issues identified.
  • Provision on electricity market audit services in Australia and the Philippines including leading experienced teams with specialist expertise in compliance, information technology and engineering.

Professional associations

  • Member, CPA Australia
  • Certified internal auditor (CIA)
  • Registered greenhouse and energy auditor

Qualifications

  • Bachelor of Commerce
  • Graduate Diploma in Information Systems
Publications

4 steps banks should take to strengthen compliance management systems

13 January 2017
Focus on compliance culture and approach, not just transactions Regulators are taking a different approach to examinations at banks and credit unions. Where, until recently, they focused almost exclusively on files and transaction testing, they are now also taking a harder look at each institution’s overall compliance approach. With the Austr...

Responding to risk: Strategies to manage threats and opportunities

10 January 2017
In a competitive business environment, all organisations must implement Enterprise risk management processes to manage risk effectively in order to achieve business and strategic objectives. Your organisation encounters business risks on a daily basis; assuming risk in the pursuit of profit is the essence of a business. However, many organisatio...

Expertise in climate change, sustainability and environmental risk management

10 November 2016
Climate change and the environment are topics continually making headlines on a regular basis. The headlines often highlight risks faced by organisations and Directors around tighter carbon regulations or heightened reporting of climate change, and opportunities, and developments in sustainability reporting or workplace health and safety regulation...

APRA releases enhanced governance requirements for superannuation trustees

8 November 2016
On the 3rd of November, the Australian Prudential Regulation Authority (APRA) released updated governance requirements for APRA-regulated superannuation trustees (RSE licensees) with a final revised prudential standard and prudential practice guide on governance.  This release follows APRA’s letter of 18 December 2015, Governance arr...

8 ways to reinvent internal audit

26 October 2016
Reposition the focus from the “how to” to the “outcome”. Innovate ways to partner with stakeholders to reach the desired outcome. Embed the need for business acumen in order to provide practical advice and insight which creates value. Step beyond the comfort zone to become well-informed in corporate knowled...

Recent AML/CTF Updates: A KYC Game Changer

24 October 2016
Fundamental changes to how reporting entities collect ‘Know Your Customer’ (KYC) information On 15 September 2016, amendments came into effect which revise the underlying methods available to reporting entities required to collect Know Your Customer (KYC) information under the Anti-Money Laundering/Counter Terrorism Financing Rules (AML...

Our services to the local government sector

10 October 2016
RSM has a long history, both in Australia and overseas, of providing a wide range of value added services to local government. Challenges facing Councils and Councillors continue to increase, driven by greater community expectations, regulatory changes, and enhancements to governance structures, amalgamations and restruc...

Expertise in waste and resource management

29 September 2016
RSM has a long history of advising clients in the waste and resource management industries, providing integrated solutions across our service lines in Australia and through our global network. The waste and resource management industries are constantly evolving and are impacted by changing government policy and regulat...

An RSM approach to project quality assurance

13 September 2016
Managing a project in accordance with relevant methodologies and standards, ensures that: the risks of outputs failing to meet defined and agreed standards, resulting in project failure are reduced governance and compliance requirements are continually being met  the delivery of project outputs can be confirmed by a steering committe...

Cyber security – 4 key areas of focus

9 September 2016
New Regulations for the Securities Market As securities markets have become increasingly dependent on technology and automated systems, cybers security and resilient systems have become key concerns in the financial marketplace. The presence of cyber criminals, recent high-profile system failures, as well as broader concerns related to cyber sec...

Are you receiving all your royalty income?

28 July 2016
Learn how to identify and understand red flags that could result in significant lost revenue Intellectual property is vital to an organisation’s success, and, if this intellectual property is licensed, a process must be in place to determine whether your royalty income is being accurately reported and paid. Understanding and auditing your roya...

The benefits of outsourcing or co-sourcing the internal audit function

26 July 2016
As well as being cost-effective, augmenting or completely replacing the internal audit function can deliver improved outcomes Up until the early 1990s it wasn’t unusual for companies to have internal audit functions fully catered for in- house. But in an attempt to rationalise resources and implement a more dynamic risk environment, dedicated ...

Is your internal audit of AML/CTF doing all it should?

7 July 2016
The IA should provide a comprehensive review of your AML/CTF program For your financial institution, the internal audit is your third line of defence and should provide an objective review of your Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) programs, including policies, procedures, systems, processes and internal controls. How ca...

5 key risks companies should monitor in 2016

25 May 2016
Plan now to address employment, inflation, currency, cybersecurity and vendor risks Australian GDP expanded by 0.6 percent in the December quarter of 2015, as compared to a revised 1.1 percent increase in the previous quarter. While the 0.7 percent growth in final consumption expenditure contributed positively to the expansion, private investmen...

5 key risks companies should monitor in 2016

25 May 2016
Plan now to address employment, inflation, currency, cybersecurity and vendor risks Australian GDP expanded by 0.6 percent in the December quarter of 2015, as compared to a revised 1.1 percent increase in the previous quarter. While the 0.7 percent growth in final consumption expenditure contributed positively to the expansion, private investmen...

Emissions Reduction Fund auction – what’s next for Australian businesses looking to participate

9 June 2015
New methodologies likely to be approved before the next Emissions Reduction Fund auction will open up opportunities for more businesses and industries to participate, but they must act now, according to RSM. Tim Pittaway, Principal, RSM, said, “The first Emissions Reduction Fund auction has now taken place. This means that businesses are now b...