RSM Australia

Our People


Having started his career with RSM in 2004 as a Senior Manager, Tim Pittaway brings over 15 years of specialist experience in the provisions of internal audit, risk management, compliance audit, market audit, risk advisoryclimate change and alliance audit services, and continues to add value to the firm as a Director of the Risk Advisory Services division in Sydney.

Working with both the public and private sectors, Tim assists clients in the Energy & Utilities, Regulatory, Mining, Infrastructure, Education, Government, Health and Public Transport industries. He also works closely with senior management teams by 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.

“I was fortunate enough to have the opportunity to help grow a practice - it has been a great journey through recruiting and developing a talented team, building business and continuing to grow”

Tim is a fitness enthusiast and encourages the Sydney team to do the same.  He enjoys running and cycling and is looking forward to his next windsurfing session!

Significant projects

  • 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.

  • 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.

  • 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 and registrations

  • Member, CPA Australia
  • Member, Institute of Internal Auditors
  • Certified internal auditor (CIA)
  • Registered greenhouse and energy auditor


  • Bachelor of Commerce, Monash University
  • Graduate Diploma in Information Technology, Swinburne University
News articles

Provision of ACCC undertaking audit services

30 June 2019
RSM provides Australian Competition and Consumer Commission (ACCC) undertaking audit services and has been engaged as the independent auditor for numerous ACCC undertaking audit engagements from 2006 to date. We have developed a strong appreciation of the ACCC’s expectations in relation to the conduct and reporting of these audits. Undert...

The 'New Normal' - COVID-19 Post-Pandemic Workforce Management

19 May 2020
People are considered a company's most valuable asset, being instrumental to its success and failure. With extensive disruption caused by the COVID-19 outbreak, people have been significantly impacted resulting in workforce management instantly becoming more important than ever. Whilst many organisations have transitioned to remote w...

IIA Reports - Internal Audit and Pandemics and Better Practice Guide for Financial Services Principles and Recommendations

24 April 2020
The Institute of Internal Auditors (IIA) has released insightful papers on Internal Audit and Pandemics and Better Practice Guide for Financial Services Principles and Recommendations. The papers are good reference guides to the relevant internal audit practices to operate effectively in changing times.    IIA’s Factsheet Internal Au...

COP25 and the implications for Australian Business

28 February 2020
The 25th annual United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP25) took place in Madrid on 2-13 December 2019. COP is central to the Paris Agreement target to limit the increase in the global average temperature to well below 2°C above pre-industrial levels and to limit the temperature ...

Audit Office of NSW - Internal Controls and Governance 2019

30 January 2020
In November 2019, the Audit Office of New South Wales (AONSW) released a report summarising sector-wide findings and recommendations relating to internal controls and governance from their 2018-19 financial audits of the 40 of the largest public-sector agencies in NSW. The report classifies 349 control deficiencies identified in 2018-19 to categ...

Audit Committee Guidelines by the Department of Finance

30 January 2020
A good governance is a combination of processes and structures implemented by the Board to inform, direct, manage and monitor the activities of the organisation toward the achievement of the organisation’s objectives. The Audit Committee plays a pivotal role in ensuring good governance by overseeing the organisation’s financial reporting, inter...

Climate change risk reporting: organisations must lead the way

20 January 2020
In late December 2019 and into January 2020, you could not access the news without hearing of the horrific bushfires which were terrorising Australia. Typically, bushfire season in south-eastern Australia runs from December to March, however, 2019-20 is marking the most catastrophic bushfire event in recent memory. Fires were seen as early as Se...

Safeguard Mechanism - Baseline Application Key Dates

7 January 2020
In early March 2019, amendments were made to the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015  which had the effect of: Extending the 2018-19 baseline application deadline from 31 October 2019 to 15 April 2020 for facilities with a declared multi-year period which covers the 2018-19 and 2019-20 compliance peri...

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

25 November 2019
The Internal Audit (IA) should provide a comprehensive review of your Anti-Money Laundering (AML) and Counter-Terrorism Financing (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, ...

Risk Insider Newsletter - Edition #2

31 October 2019
  Middle market businesses, government and the not-for-profit sector need to proactively leverage technology and data to a...

Expertise in climate change, sustainability and environmental risk management

4 June 2019
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 regula...

Assessing Governance - A Critical Step for Successful Change

14 March 2018
Perhaps one of the absolute truisms is that we live in a changing world.  Disruption was something we used to hear about when listening to the traffic reports, now it presents as a challenge to survival in business as new players emerge and start to operate in a way that is not constrained by traditional thinking and long-standing practic...

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...

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 ...

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...