On behalf of the Auditor-General for New South Wales, the Audit Office conducts financial and performance audits, principally under the Public Finance and Audit Act 1983 and the Local Government Act 1993.
Financial audits provide an independent opinion on NSW government entities’, universities’ and councils’ financial statements. They identify whether their financial statements comply with accounting standards and relevant laws, regulations and government directions.
Performance audits review whether public money is spent efficiently, effectively, economically and in accordance with the law.
Special audits are sometimes conducted to confirm that specific legislation, directions and regulations have been adhered to.
The Auditor-General also provides certain assurance services over Commonwealth grants and payments to the NSW government and local government under Commonwealth legislation.