Reports
Actions for Design and administration of the WestInvest program
Design and administration of the WestInvest program
What this report is aboutWestInvest is a $5 billion funding program announced in September 2021 to provide ‘local infrastructure to help communities hit hard by COVID-19’ in 15 local government areas (LGAs) selected by the government. It was divided into three parts: $3 billion for NSW government agency projects; $1.6 billion for competitive grants to councils and community groups; and $400 million for non-competitive grants to councils.Following the cha
Actions for State Finances 2023
State Finances 2023
What this report is aboutResults of the audit of the Consolidated State Financial Statements of the New South Wales General Government Sector (GGS) and Total State Sector (TSS) for the year ended 30 June 2023.FindingsThe audit opinion on the 2022–23 Consolidated State Financial Statements was qualified in relation to two issues and included an emphasis of matter.The first qualification matter is a continuation of the prior year limitation of scope on the
Actions for Treasury 2023
Treasury 2023
What this report is about Result of the Treasury portfolio of agencies’ financial statement audits for the year ended 30 June 2023. The results of the audit of the NSW Government’s consolidated Total State Sector Accounts (TSSA), which are prepared by NSW Treasury, will be reported separately in our report on ‘State Finances 2023’. The audit found Unqualified audit opinions were issued on all general purpose financial statement audits. Qualified aud
Actions for Natural disasters
Natural disasters
What this report is about This report draws together the financial impact of natural disasters on agencies integral to the response and impact of natural disasters during 2021–22. What we found Over the 2021–22 financial year $1.4 billion from a budget of $1.9 billion was spent by the NSW Government in response to natural disasters. Total expenses were less than the budget due to underspend in the following areas: clean-up assistance, including co
Actions for Universities 2022
Universities 2022
What this report is about Results of the financial statement audits of the public universities in NSW for the year ended 31 December 2022. What we found Unmodified audit opinions were issued for all ten universities. Nine universities reported net deficits in 2022, and all showed a decline from their 2021 results. Results were impacted by a decline in investment income and government grants. Wage remediation provisions across the universities incre
Actions for Design and implementation of the Transport Asset Holding Entity
Design and implementation of the Transport Asset Holding Entity
The Transport Asset Holding Entity (TAHE) is the State's custodian of rail assets. It is a state owned corporation and commenced operating on 1 July 2020. This audit assessed the effectiveness of NSW Government agencies' design and implementation of TAHE. We audited TAHE, Transport for NSW (TfNSW) and NSW Treasury. Separate and related audits on TAHE are reported in 'State Finances 2022', 'State Finances 2021' and 'Transport a
Actions for Treasury 2022
Treasury 2022
Results of the Treasury cluster agencies' financial statement audits for the year ended 30 June 2022. The results of the audit of the NSW Government's consolidated Total State Sector Accounts (TSSA), which is prepared by NSW Treasury, are reported separately in our report on 'State Finances 2022'. What we found Unmodified audit opinions were issued on all 30 June 2022 general purpose financial statement audits. Qualified aud
Actions for State Finances 2022
State Finances 2022
Results of the 2021–22 consolidated General Government Sector (GGS) and Total State Sector (TSS) financial statements audits. What we found The Independent Auditor’s Report on the 2021–22 GGS and TSS financial statements was modified with a limitation of scope and also contained an emphasis of matter. The opinion in the TSS Independent Auditor’s Report was modified with a limitation of scope on certain balances consolidated i
Actions for Audit Insights 2018-2022
Audit Insights 2018-2022
In this report, we have analysed the key findings and recommendations from our audit reports over the past four years. This analysis includes financial audits, performance audits, and compliance audits of state and local government entities that were tabled in NSW Parliament between July 2018 and February 2022. The report is framed by recognition that the past four years have seen significant challenges and emergency events.
Actions for Universities 2021
Universities 2021
Results of the financial statement audits of the public universities in NSW for the year ended 31 December 2021. What we found Financial reporting Unmodified audit opinions were issued for all ten universities. The University of Wollongong reported the retrospective correction of a prior period error relating to a $169 million contract termination liability. All universities reported positive net results in 2021 (four in 20