Reports
Actions for Volume Ten 2013 focusing on Health
Volume Ten 2013 focusing on Health
Unqualified opinions were issued for all agencies audited in the following report. Some of the reports findings include: Most cultural bodies rely heavily on government grants to fund services The Sydney Opera House Trust earns most of its revenue from commercial operations Less than half of the 2014-16 service agreements between HealthShare NSW and its customers have been signed. HealthShare NSW and health entities should finalise t
Actions for Volume Eight 2013 focusing on Transport and Ports
Volume Eight 2013 focusing on Transport and Ports
Unqualified audit opinions were issued on the above corporations’ 30 June 2013 financial statements. During the year, Treasury issued TC 13/01 ‘Mandatory early close procedures for 2013’. This Circular aimed to improve the quality and timeliness of agencies’ annual financial statements. In 2012-13, application of the circular was made mandatory for State owned corporations. As a result, the port corporations were required to perform the early close proce
Actions for Volume Nine 2013 focusing on Environment, Water and Infrastructure
Volume Nine 2013 focusing on Environment, Water and Infrastructure
Volume Nine focuses on our financial audits of New South Wales government agencies in the environment, water, planning and infrastructure and family and community services. Some agencies in the Department of Premier and Cabinet are also included.
Actions for Volume Five 2013 focusing on Education
Volume Five 2013 focusing on Education
Unqualified audit opinions were issued on the following financial statements for the year ended 30 June 2013: Department of Education and Communities (including the TAFE Commission), Technical and Further Education Commission, Board of Studies, Office of the Board of Studies, Board of Studies Casual Staff Division, Institute of Teachers, Office of the Institute of Teachers, NSW Board of Vocational Education and Training. A key issue of focus was ar
Actions for Volume Four 2013 focusing on Electricity
Volume Four 2013 focusing on Electricity
During the year, Treasury issued TC 13/01 ‘Mandatory early close procedures for 2013’. This circular aimed to improve the quality and timeliness of agencies’ annual financial statements. In 2012-13, application of the circular was made mandatory for State owned corporations. As a result, the NSW Generators, Distributors and Transgrid were required to perform the early close procedures. All the electricity entities were broadly successful in performing th
Actions for Volume Three 2013 focusing on New South Wales State Finances
Volume Three 2013 focusing on New South Wales State Finances
The Total State Sector Accounts for the year ended 30 June 2013 received an unqualified independent auditor’s opinion. This is the first time in over a decade the Total State Sector Accounts have not been qualified. In looking into the resolution of qualifications: We obtained enough evidence supporting the value of education buildings and their depreciation expense Sufficent evidence has been obtained to support the existence and value of the
Actions for Volume Two 2013 focusing on Universities
Volume Two 2013 focusing on Universities
Except for the matters noted, the Members we reviewed substantially complied with the requirements of the Parliamentary Remuneration Tribunal’s Determination (the PRT Determination) for the year ended 30 June 2012. The review identified the following material exceptions: nine Member claims were not submitted for payment within 60 days of receipt or occurrence of the expense eight Members did not return their unspent Sydney Allowance amoun
Actions for Volume One 2013 focusing on themes from 2012
Volume One 2013 focusing on themes from 2012
This overview summarises the significant findings included in my 2012 financial audit report, volumes three to eleven, and highlights NSW agencies’ overall achievements and challenges. The overview summarises key themes and messages arising from these audits to help readers understand common findings. Agencies and their audit and risk committees can use the overview to self-assess and identify issues that may be relevant to their organisations. It found