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The Acting Auditor-General of New South Wales, Ian Goodwin, released a report today on the results of financial audits of NSW universities for the year ended 31 December 2018. All ten NSW universities received unqualified audit opinions. The combined revenues for all NSW universities increased to $10.7 billion in 2018, with expenses also increasing to $9.5 billion. Expenses grew at a higher rate than revenue, contributing to a 17 per cent decrease in universities combined operating margin per student.
The Auditor-General, Margaret Crawford released her report today on the State Finances for the year ended 30 June 2018. ‘I am pleased to once again report that I issued a clear audit opinion on the state’s consolidated financial statements,’ the Auditor-General said. ‘This demonstrates the government’s focus on preparing high quality information on the state’s financial position and performance for use by stakeholders’.
The Auditor-General, Margaret Crawford released her report today on the results of financial audits of NSW universities for the year ended 31 December 2017. No qualified audit opinions were issued for any university and the quality and timeliness of financial reporting continues to improve.
The Auditor-General, Margaret Crawford released her report ‘Universities: 2016 Audits’ today. The report focuses on key observations and findings from the most recent audits of the ten NSW universities. No qualified opinions were issued on the universities’ financial statements and the quality and timeliness of financial reporting continued to improve.
The Auditor-General, Margaret Crawford released her special report ‘2016 – An Overview’ today. The report focuses on key observations and findings from 2016 audits and highlights key areas of focus for financial and performance audits in 2017.
In a report released today, the NSW Auditor-General, Margaret Crawford provides a snapshot of reported fraud in the NSW public sector and an analysis of NSW Government agencies’ fraud controls based on a survey of 102 agencies. The survey found that: the total number of reported fraud cases is nearly double that of a similar survey conducted in 2012. Agencies reported 1,077 frauds in this survey compared to 562 in the previous survey, with a total reported value of $10 million. The largest frauds are in procurement
NSW universities are generally in a sound financial position and performed well financially over the past year. Operating margins have increased, combined debt to equity has fallen and universities capacity to meet their liabilities has improved, according to a report released today by the New South Wales Auditor-General, Margaret Crawford. There are emerging financial pressures including uncertainty over the impact of Australian government reforms that need to be closely monitored and addressed.
NSW university sector in sound financial position but sustainability risks are emerging
Today the Auditor-General of New South Wales, Grant Hehir, released his Volume One 2015 Report to Parliament focusing on key observations and recommendations from financial and performance audits released in 2014.
NSW public sector financial reporting continues to improve but more can be done For the second consecutive year, the General Government and Total State Sector Accounts received an unqualified auditor’s opinion following more than a decade of qualifications. The quality and timeliness of financial reporting across the NSW public sector has continued to improve. Compared to previous years, there were fewer errors in agencies’ 2013–14 financial statements submitted for audit and used for whole-of-government financial reporting.