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Reports

Published

Actions for Universities 2022

Universities 2022

Universities
Compliance
Cyber security
Financial reporting
Information technology
Internal controls and governance
Service delivery

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

Published

Actions for Cyber Security NSW: governance, roles, and responsibilities

Cyber Security NSW: governance, roles, and responsibilities

Local Government
Whole of Government
Finance
Cyber security
Information technology
Internal controls and governance
Management and administration

Cyber Security NSW is part of the Department of Customer Service, and aims to provide the NSW Government with an integrated approach to preventing and responding to cyber security threats. This audit assessed the effectiveness of Cyber Security NSW's arrangements in contributing to the NSW Government's commitments under the NSW Cyber Security Strategy, in particular, increasing the NSW Government's cyber resiliency. The audit as

Published

Actions for Treasury 2022

Treasury 2022

Treasury
Asset valuation
Compliance
Cyber security
Financial reporting
Information technology
Internal controls and governance
Management and administration
Procurement
Regulation
Risk
Service delivery
Shared services and collaboration

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 audit

Published

Actions for State Finances 2022

State Finances 2022

Treasury
Whole of Government
Asset valuation
Compliance
Cyber security
Financial reporting
Infrastructure
Internal controls and governance
Management and administration
Regulation
Risk

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

Published

Actions for Internal controls and governance 2022

Internal controls and governance 2022

Whole of Government
Compliance
Cyber security
Financial reporting
Fraud
Information technology
Internal controls and governance
Procurement
Risk

This report analyses the internal controls and governance of the 25 largest agencies in the NSW public sector, excluding state-owned corporations and public financial corporations, for the year ended 30 June 2022. What we found Internal control trends The proportion of control deficiencies identified as high-risk this year increased to 8.2% (5.9% in 2020–21). Sixteen of the 23 high-risk findings related to financial controls

Published

Actions for Enterprise, Investment and Trade 2022

Enterprise, Investment and Trade 2022

Finance
Asset valuation
Compliance
Cyber security
Financial reporting
Information technology
Internal controls and governance
Management and administration
Procurement
Regulation
Risk

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

Published

Actions for Stronger Communities 2022

Stronger Communities 2022

Justice
Community Services
Asset valuation
Compliance
Cyber security
Financial reporting
Information technology
Internal controls and governance
Management and administration
Procurement
Project management
Risk

Results of the Stronger Communities cluster agencies' financial statement audits for the year ended 30 June 2022. What we found Unqualified audit opinions were issued on all completed 30 June 2022 financial statement audits. One audit is ongoing. All 13 cluster agencies that have accommodation arrangements with Property NSW derecognised right-of-use assets and lease liabilities of $917 million and $1 billion respectively. The

Published

Actions for Health 2022

Health 2022

Health
Whole of Government
Asset valuation
Compliance
Cyber security
Financial reporting
Information technology
Infrastructure
Internal controls and governance
Management and administration
Procurement
Risk
Service delivery
Shared services and collaboration
Workforce and capability

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 $186

Published

Actions for Education 2022

Education 2022

Education
Asset valuation
Compliance
Cyber security
Financial reporting
Information technology
Internal controls and governance
Procurement
Risk

Result of the Education cluster financial statement audits for the year ended 30 June 2022. What we found Unmodified audit opinions were issued for Education cluster agencies. An 'other matter' paragraph was included in the TAFE Commission's independent auditor's report as it did not have a delegation or sub-delegation from the Minister for Education and Early Learning to incur expenditure from cluster grants. What the key i

Published

Actions for Customer Service 2022

Customer Service 2022

Finance
Asset valuation
Compliance
Cyber security
Financial reporting
Information technology
Internal controls and governance
Management and administration
Procurement
Regulation
Risk
Service delivery
Shared services and collaboration

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