Search filters applied: finance, health, premier and cabinet, transport, universities AND 2020, 2010 AND financial reporting .
Actions for Universities 2019 audits
This report analyses the results of our audits of the financial statements of the ten NSW universities for the year ended 31 December 2019. The table below summarises our key observations. 1. Financial reporting Financial reporting The 2019 financial statements of all ten NSW universities received unmodified audit opinions. One controlled entity of the Western Sydney University received a qualified audit opinion. Five NSW universities fi
Actions for Volume Five 2010 focus on Public Financing Enterprises
The report includes comments on NSW Treasury and agencies in the finance and superannuation sectors. The New South Wales public sector superannuation funds’ investments were $42.2 billion at 30 June 2010, up from $38.5 billion in 2009. Investment returns reached 14.5 per cent in 2009-10. This is a significant improvement on the investment returns of up to negative 18.4 per cent at the peak of the global financial crisis in 2008.
Actions for Volume Two 2010 focus on Universities
New South Wales’ ten universities recorded a combined operating surplus of $494 million compared to a deficit of $76.9 million last year, reflecting the improvement in global financial markets. This was largely due to investment gains of $38.0 million in 2009 compared to $405 million of losses in 2008. Despite this, financial risks remain for universities. With the recovery in global financial markets remaining fragile, universities with overseas operati
Actions for Volume One 2010
The report includes comments on his annual audit of entitlements paid to Members of NSW Parliament and financial audits of WorkCover, Justice Health, Waste Recycling Processing Corporation and some other NSW Government agencies. In his audit the Auditor-General had called for a system to be developed to ensure accrued loyalty/reward benefits are used to reduce Members’ parliamentary business travel expenditure, rather than be forfeited when a Member le
Actions for WestConnex: Changes since 2014
The WestConnex project is a motorway project that will link the M4 and M5 motorways with 33km of new motorway tunnels in Sydney. We conducted a performance audit of the WestConnex business case review process in 2014. Since then, the scope and projects included in WestConnex have changed. This audit will assess whether Transport for NSW and Infrastructure NSW effectively assessed and justified major scope changes to the WestConnex project since December
Actions for Advice on major decisions
The public service is responsible for providing accurate, evidence-based, and impartial advice to government, and implementing government’s commitments in a responsive and professional manner. Quality advice from the public service is required to support good decision making. This audit may examine 2-3 major decisions to determine whether the advice provided meets good practice standards. It will also assess the effectiveness of the whole of government
Actions for Health capital works
According to the 2018 Auditor-General’s Report to Parliament on Health, the value of assets held by NSW Health increased from $18.6 billion at 30 June 2017 to $20.1 billion at 30 June 2018. Most of this increase is attributed to capital expenditure on new facilities, upgrades and redevelopments. The same report also notes that two capital projects were completed on time and under budget in the same financial year. Completion dates were revised for ten ot