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Financial audits provide an independent opinion on NSW government agencies’ financial statements. They identify whether agencies comply with accounting standards and relevant laws, regulations and government directions. We also audit the Total State Sector Accounts, a consolidation of all agencies’ accounts.
Financial audits are designed to add credibility to financial statements, enhancing their value to end-users. Also, the existence of such audits provides a constant stimulus to agencies to ensure sound financial management.
A report on each financial audit is provided to the Minister responsible for the agency, to the agency, the Treasurer and to parliament through the Auditor-General’s Reports to Parliament.
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In 2012 we won both a Gold Australasian Reporting Award and Governance Reporting Special Award.
© 2011 Audit Office of New South Wales.