Reports
Actions for Health 2023
Health 2023
What this report is about Results of the Health portfolio of agencies' financial statement audits for the year ended 30 June 2023. The audit found Unmodified audit opinions were issued for all Health portfolio agencies' financial statements. The number of monetary misstatements increased in 2022–23, driven by key accounting issues, including the first-time recognition of paid parental leave and plant and equipment fair value adjustments.
Actions for Transport 2023
Transport 2023
What this report is about Result of the Transport portfolio of agencies' financial statement audits for the year ended 30 June 2023. The audit found Unqualified audit opinions were issued for all Transport portfolio agencies. An 'emphasis of matter' paragraph was included in the Transport Asset Holding Entity of New South Wales' (TAHE) independent auditor's report, which draws attention to management's disclosure regarding proposed changes to TAHE's
Actions for Enterprise, Investment and Trade 2023
Enterprise, Investment and Trade 2023
What this report is about Results of the Enterprise, Investment and Trade portfolio of financial statement audits for the year ended 30 June 2023. What we found Unqualified audit opinions were issued for all completed Enterprise, Investment and Trade portfolio agencies. An 'other matter' paragraph was included in the Jobs for NSW Fund's 30 June 2022 independent auditor's report to reflect the non-compliance with the Jobs for NSW Act 2015 (t
Actions for Customer Service 2023
Customer Service 2023
What this report is about Result of the Customer Service portfolio agencies' financial statement audits for the year ended 30 June 2023. What we found Unmodified audit opinions were issued for all completed 30 June 2023 financial statements audits of Customer Service portfolio agencies. Two audits are ongoing. What the key issues were The total number of misstatements in the financial statements and findings reported to management decreased compared
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 Enterprise, Investment and Trade 2022
Enterprise, Investment and Trade 2022
Result of the Enterprise, Investment and Trade cluster agencies' financial statement audits for the year ended 30 June 2022. What we found The Machinery of Government changes within the Enterprise, Investment and Trade cluster resulted in the creation of the Department of Enterprise, Investment and Trade and the transfer of $1.0 billion of net assets into the new department. Unmodified audit opinions were issued for all compl
Actions for Health 2022
Health 2022
Result of Health cluster (the cluster) agencies' financial statement audits for the year ended 30 June 2022. What we found Unmodified audit opinions were issued for the financial statements for all Health cluster agencies. The COVID-19 pandemic continued to increase the complexity and number of accounting matters faced by the cluster. The total gross value of corrected misstatements in 2021–22 was $353.3 million, of which $18
Actions for Customer Service 2022
Customer Service 2022
Result of the Customer Service cluster agencies' financial statement audits for the year ended 30 June 2022. What we found Unmodified audit opinions were issued for Customer Service cluster agencies. What the key issues were The number and size of Service NSW's administered grant programs have increased significantly in response to emergency events. Improvements are required to address gaps in Service NSW's policies, systems
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
Actions for Transport 2021
Transport 2021
The results of the Transport cluster agencies’ financial statement audits for the year ended 30 June 2021. What we found Unmodified financial statement audit opinions were issued for all Transport cluster agencies. Resolution of issues delayed signing the Transport Asset Holding Entity of NSW (TAHE) until 24 December 2021. Matters relating to TAHE are also reported in the report on State Finances 2021. Emphasis of Matter - TA