Professional Update January - March 2019
Contents

Hot Topics

Note:

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The AASB releases an amending standard on right-of-use assets for not-for-profit entities

The Australian Accounting Standards Board (AASB) recently issued amending standard AASB 2018-8 ‘Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit Entities’. The amending standard provides not-for-profit entities a temporary option to elect not to apply fair value at initial measurement for right-of-use assets arising under leases with significantly below-market terms and conditions principally to enable the entity to further its objectives (commonly referred to as peppercorn or concessionary leases).

The election to measure a class or classes of right-to-use assets at cost rather than fair value requires entities to include additional qualitative and quantitative information about such leases in their financial statements. This is to enable users to understand the effects on the financial position, financial performance and cash flows of the entity arising from these leases.

The amending standard applies to annual reporting periods beginning on or after 1 January 2019 with earlier application permitted, provided that AASB 1058 ‘Income of Not-for-Profit Entities’ is also applied at the same time.

 

Exposure Draft ED 287 Onerous Contracts – Cost of Fulfilling a Contract

In January 2019, the AASB issued Exposure Draft (ED) ED 287 ‘Onerous Contracts – Cost of Fulfilling a Contract – Proposed amendments to AASB 137’, based on ED ED/2018/2 ‘Onerous Contracts – Costs of Fulfilling a Contract’ issued by the International Accounting Standards Board(IASB).

The ED proposes amending AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets’ to specify the costs an entity includes in determining the ‘cost of fulfilling’ a contract, in assessing whether a contract is onerous. The proposed amendments limit the costs of fulfilling a contract as those that relate directly to the contract, with examples including:

  • direct labour and materials

  • allocations of costs that relate directly to contract activities

  • costs explicitly chargeable to the counterparty under the contract

  • other costs incurred only because an entity entered into the contract.

Comments are due to the AASB by the 22 March 2019 and the IASB by 15 April 2019.

 

NSW Independent Commission Against Corruption’s (ICAC) first report on the state of corruption in NSW

ICAC recently released Corruption and Integrity in the NSW Public Sector: an assessment of current trends and events. The aim of the report is to help agencies identify areas that are susceptible to fraud, highlight red flags and provide prevention tips.

The report examines not only the types of corruption regularly reported to ICAC, but also looks at the risks brought about by changes in the way government services are delivered. The report notes the changing nature of the public sector; where lines are blurred between public, private and not-for-profit sectors in the delivery of public services; has resulted in potentially high-risk situations, as well as opportunities for corrupt conduct.

The report also highlights ICAC’s investigations linking corrupt conduct with organisational change, where opportunities for such conduct have arisen during or after a period of organisational change.  

Other topics explored in the report include whistleblowing, human resources, procurement and contract management, regulations and accreditation and non-government organisations.

 

NSW Treasury publications for financial reporting

Recent policy papers and circulars released by NSW Treasury include:

TC 18-17 FY18-19 Timetable for Agency Asset Valuations outlining the recommended timetable for asset valuations undertaken by NSW public sector entities, including State Owned Corporations, for financial years ending on or after 30 June 2019. The timetable applies to assets:

  • requiring comprehensive valuations measured in accordance with AASB 13 ‘Fair Value Measurement’ and TPP 14-01 ‘Valuation of Physical Non-Current Assets at Fair Value’

  • not currently recorded in financial statements as they do not meet the reliable measurement criteria.

TC19-01 ‘Agency guidelines for the 2018-19 Mandatory Early Close’ mandating the early close procedures NSW public sector agencies, including State Owned Corporations, must complete. Agencies are required to:

  • perform each early close procedure listed in Appendix B as at 31 March 2019

  • provide the results of their early close procedures to the Audit Office and Treasury no later than 23 April 2019

  • report emerging issues which have the potential to materially affect either the year-end financial statements or the agency year-end process at three points during the year – 13 February, 23 April and 24 June 2019.

TC 19-04 ‘Mandates of options and major policy decisions under Australian Accounting Standards’ which mandates the accounting policy options and major policy decisions NSW public sector agencies must use when accounting standards allow certain accounting policy choices. The Circular supersedes and withdraws the previous circular NSW TC 18-01.

The main change to the mandates are to include the options that agencies must elect when applying AASB 9 ‘Financial Instruments’ and AASB 15 ‘Revenue from Contracts with Customers’ (for-profits only) and an updated list of Accounting Standards issued but not yet effective. The mandates also confirm that Accounting Standards cannot be early adopted.

TPP 19-04 ‘Accounting Policy: Financial Reporting Code for NSW General Government Sector Entities’ (the Code) which provides illustrative guidance on the form and content of the financial statements, including note disclosures. The Circular supersedes and withdraws the previous policy TPP 18-01.

The main change to the Code is to include the new disclosures required when applying AASB 9 and revised AASB 7 ‘Financial Instruments: Disclosures’. NSW Treasury will provide separate guidance to for-profit agencies to assist them with the disclosures required by AASB 15 ‘Revenue from Contracts with Customers’.

 

NSW Treasury releases a new policy on Outcome Budgeting

NSW Treasury recently released policy TPP 18-09 Outcome Budgeting. Outcome Budgeting was announced as a reform initiative in the 2017-18 Budget to fundamentally change the way budgets are determined and resources are managed in the NSW public sector. Under Outcome Budgeting, the focus will be on a more comprehensive view of total budget spend, combined with an understanding of performance programs and services, and how they contribute towards achieving outcomes.

The policy:

  • defines Outcome Budgeting and explains the Outcome Budgeting Framework

  • describes the components of the Outcome Budgeting Structure required to be created and the supporting information to be collected and maintained by NSW agencies

  • outlines how periodic performance monitoring will be incorporated into financial monitoring procedures.

 

Circulars released by the Office of Local Government

The Office of Local Government has released the following circulars:

18-42 ‘Recent amendments to the Government Information (Public Access) Act 2009' advising councils of the new guidance issued by the NSW Information and Privacy Commission following the amendments made to the Government Information (Public Access) Act 2009, effective 28 November 2018.

18-43 'Council decisions on the administration of the September 2020 elections' advising councils that under section 296AA of the Local Government Act 1993 (the LG Act), they must determine how to administer their September 2020 ordinary elections no later than 11 March 2019. If a council fails to engage the NSW Electoral Commission by 11 March, it will be required to administer its own elections.

18-44 'Commencement of the new Model Code of Conduct for Local Councils in NSW and Procedures' advising councils that the new 2018 Model Code of Conduct for Local Councils in NSW (the Model Code of Conduct) and Procedures for the Administration of the Model Code of Conduct for Local Councils in NSW (Procedures) have been prescribed under the Local Government (General) Regulation 2005 (the LG Regulations). Councils have 6 months from the date of prescription (14 December 2018) to adopt the new Model Code of Conduct and Procedures.

18-45 'Commencement of the new Model Code of Meeting Practice for Local Councils in NSW' advising councils that a Model Meeting Code has been prescribed under the LG Regulations with the existing provisions of the LG Regulation being repealed. The Model Meeting Code also applies to meetings of the boards of joint organisations and county councils. The Model Meeting Code must be adopted within 6 months from the date when the new Model Meeting Code was prescribed (14 December 2018).

18-46 ‘New Councillor Induction and Professional Development Requirements’ advising councils that the LG Regulation has been amended to include requirements for the induction and professional development of mayors and councillors. These new requirements support amendments to the LG Act by the Local Government Amendment (Governance and Planning) Act 2016 to include in the prescribed role of councillors under section 232 a responsibility 'to make all reasonable efforts to acquire and maintain the skills necessary to perform the role of a councillor'.

 

Department of Finance, Services and Innovation policy on Cyber Security

The Department of Finance, Services and Innovation (DFSI) recently issued Circular 'DFSI-2019-02-NSW Cyber Security Policy', advising that from 1 February 2019 the Digital Information Security Policy 2015 is replaced by the NSW Cyber Security Policy, with reporting for the 2018-19 financial year due on 31 August 2019.

The policy applies to all NSW Public Service Agencies. State Owned Corporations, local councils and universities are recommended to adopt the policy.

The policy introduces new mandatory cyber security requirements for agencies such as:

  • identification of the agency’s most valuable or operationally vital systems or information (“crown jewels”)

  • implementing regular cyber security education for all employees, contractors and outsourced ICT service providers

  • implementation and provision of a maturity assessment against the Australian Cyber Security Centre ‘Essential 8’ strategies to mitigate cyber security incidents

  • inclusion of requirements for industrial automation and control systems / operational technology and the internet of things

  • reporting cyber security incidents to the Government Chief Information Security Officer.

The policy also includes a requirement for agencies to provide a cyber security attestation in their annual reports.

Agency heads may seek exemptions to any part of the policy, by sending exemptions to the Government Chief Information and Digital Officer for approval.

 

ASIC announces findings from 30 June 2018 financial reports

The Australian Securities and Investments Commission (ASIC) released 19-014MR Findings from 30 June 2018 financial reports on 25 January 2019 announcing the results from a review of 215 listed and other public interest entities.

The table below summarises the key findings from the review:

Areas of focus Findings from 30 June 2018 financial reports
Asset values and impairment testing Findings include the reasonableness of cash flows and assumptions, determining the carrying amount of cash generating units, use of fair value, impairment indicators, and disclosures.
Revenue recognition Concerns regarding the recognition of revenue on contracts that involve the provision of goods or services in the future, or multiple deliverables (i.e. both goods and services).
Tax accounting Accounting for income tax, including the adequacy of tax expense and whether it is probable that future taxable income will be sufficient to enable the recovery of deferred tax assets relating to tax losses.
Consolidation accounting The appropriateness of not consolidating other entities, including the treatment of an apparent loan securitisation arrangement as off-balance sheet.
Business combinations The appropriateness of business combination accounting, including the treatment of transactions as under common control.
Expense deferral Concerns over whether amounts deferred as assets should have been expensed in the income statement, including whether costs incurred should have been capitalised in anticipation of an insurance claim recovery.
Estimates and accounting policy judgements Entities needed to improve the quality and completeness of disclosures such as including key assumptions, reasons for judgements, alternative treatments and appropriate quantification.

 

Audit Office of New South Wales

Margaret Crawford, Auditor-General for New South Wales – presentations, attendances and interviews

Organisation Event Involvement Date
Davidson Top 50 NSW Public Sector Women Alumnae Attendance 28 March 2019
Institute of Public Administration Australia (IPAA) 2019 CEO & Young Professionals Breakfast Hosting table of Audit Office staff 22 March 2019
Minter Ellison Women in Government Dinner with Dr Kerryn Phelps AM, MP Attendance 19 March 2019
NSW Treasury Audit and Risk Leadership forum Presentation 19 March 2019
Sydney Financial Forum Forum Presentation 12 March 2019
IPAA International Women’s Day Attendance 7 March 2019
Public Service Commission Executive Connections – International Women’s Day Attendance 5 March 2019
Independent Commission Against Corruption Briefing meeting Attendance 27 February 2019
Far North West Joint Organisation Joint organisation meeting Attendance 26 February 2019
Western Division Councils of NSW 2019 Annual Conference Presentation 26 February 2019
Audit Office of New South Wales Briefing meeting with Audit Service Providers Attendance 19 February 2019
Sydney Water Audit and Risk Committee meeting Presentation 19 February 2019
IPAA Picnic in the Park Attendance 7 February 2019
CareerTrackers Dinner and recognition ceremony Attendance 31 January 2019
Australia Day Council of NSW (ADCNSW) Australia Day address – Hugh Mackay AO Attendance 23 January 2019
ADCNSW Luncheon Attendance 18 January 2019

 

Auditor-General’s reports to Parliament

Report Type of report Report date
Members' Additional Entitlements 2018 Special report 28 February 2019
Firearms regulation Performance audit 28 February 2019
Local Government 2018 Financial audit 28 February 2019
Compliance of expenditure with Section 12A of the Public Finance and Audit Act 1983 - Law Enforcement Conduct Commission Special report 21 February 2019
Transport Access Program Performance audit 19 February 2019
Supply of secondary teachers in STEM-related disciplines Performance audit 29 January 2019
Education 2018 Financial audit 19 December 2018
Government Advertising 2017-18 Performance audit 18 December 2018

 

Accounting Update

Australian update – Australian Accounting Standards Board (AASB)

Topics discussed included:

AASB Meeting Highlights – 19 February 2019

  • Conceptual Framework – For-Profit Entities (Phase 2)

  • Tier 2 – IFRS for SMEs Disclosures

  • Legislative Financial Reporting Requirements

  • Not-for-Profit (NFP) Entity Definition

  • AASB Approach to IPSASB Standards

  • Financial Statements of Non-Disclosing Entities Lodging with ASIC

  • Goodwill and Impairment

  • Australian Financial Reporting Framework – Approach to NFP Entities

  • Management Commentary

  • International Documents Open for Comment. 

Latest news, accounting standards and work-in-progress documents from the AASB included:

Name Type of document Publication date
New compilations for reporting periods beginning on or after 1 January 2019 News 30 January 2019
Exposure Draft – ED 287 ‘Onerous Contracts - Cost of Fulfilling a Contract’ - January 2019 - Open for comment until 22 March 2019* Exposure draft January 2019
Fatal Flaw Review Version of AASB 2019-X ‘Amendments to Australian Accounting Standards - References to the Conceptual Framework’ - Open for comment until 22 March 2019 Invitation to comment January 2019
Exposure Draft – IPSASB ED 67 ‘Collective and Individual Services and Emergency Relief’ - January 2019 - Open for comment until 31 May 2019 Exposure draft January 2019
Climate-related and other emerging risks disclosures: assessing financial statement materiality using AASB Practice Statement 2 News 13 December 2018
2018-8 ‘Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit Entities’* Accounting standard December 2018
2018-7 ‘Amendments to Australian Accounting Standards – Definition of Material’ Accounting standard December 2018
2018-6 ‘Amendments to Australian Accounting Standards – Definition of a Business’ Accounting standard December 2018


*For more information refer to Hot Topics section.

 

International Update – International Accounting Standards Board (IASB)

Topics discussed included:

IASB Meeting Highlights12-14 March 2019

  • Classification of Liabilities as Current or Non-current

  • SME Standard review and update

  • Financial Instruments with Characteristics of Equity

  • Business Combinations under Common Control

  • Extractive Activities

  • Primary Financial Statements

  • Amendments to IFRS 17 ‘Insurance Contracts’

  • Disclosure Initiative

  • IBOR Reform and the Effects on Financial Reporting.

IASB Meeting Highlights7-8 February 2019

  • SME Standard review and update Management Commentary

  • Primary Financial Statements

  • Amendments to IFRS 17 ‘Insurance Contracts’

  • IBOR Reform and the Effects on Financial Reporting.

IASB Meeting Highlights23 January 2019

  • Extractive Activities

  • Rate Regulated Activities

  • Implementation matters

  • Amendments to IFRS 17 ‘Insurance Contracts’.

 

International Update – International Financial Reporting Standards (IFRS) Foundation

Latest news from the IFRS Foundation included:

Name Publication date
Disclosure Initiative – Principles of Disclosure project summary now available 21 March 2019
Speech: The Primary Financial Statements project – a game changer in financial reporting? 6 March 2019
Feature: Changes in financing liabilities – what does good disclosure look like? 21 February 2019
Feature: Materiality modernised 28 January 2019
New Standard on leases now effective 8 January 2019
IASB to propose narrow-scope amendment to IFRS 17 13 December 2018

 

International Update – International Public Sector Accounting Standards Board (IPSASB)

Topics discussed included:

IPSASB Meeting Highlights – 12-15 March 2019

  • Measurement

  • Heritage

  • Revenue – binding arrangements/enforceability/performance obligations

  • Non-exchange Expenses

  • Revenue – IPSAS 23 Update

  • Public sector specific financial instruments

  • Leases.

Recent news from the IPSASB included:

Name Publication date
IPSASB to Sharpen Focus on Public Financial Management and Benefits of IPSAS Adoption 28 February 2019
IPSASB Delivers Guidance on Significant Areas of Public Expenditure 31 January 2019

 

IPSASB has recently issued:

Name Publication date
IPSASB Strategy and Work Plan 2019-2023 28 February 2019
Exposure Draft 67 ‘Collective and Individual Services and Emergency Relief (Amendments to IPSAS 19)’ 31 January 2019
IPSAS 42 ‘Social Benefits’ 31 January 2019
Amendments to IPSAS 36 ‘Investments in Associates and Joint Ventures’, and IPSAS 41 ‘Financial Instruments’ 30 January 2019

 

Auditing Update

Australian Update – Auditing and Assurance Standards Board (AUASB)

Topics discussed included:

AUASB Meeting Highlights – 6 March 2019

  • Audit Quality Plan Update

  • Quality Management Standards

  • ASRE 2410 – Approval of ED 05/19

  • Agreed-Upon Procedures.

Latest news from the AUASB included:

Name Publication date
Webinar: Proposed Revisions to ISRS 4400 Agreed-Upon Procedures Engagements 18 February 2019
New compilations of auditing standards are now available 8 February 2019
Auditing and Assurance Standards Board Chair welcomes latest ASIC Audit Inspection Report 24 January 2019
Climate-related and other emerging risks disclosures: assessing financial statement materiality using AASB Practice Statement 2 13 December 2018

 

International Update – International Auditing and Assurance Standards Board (IAASB)

Topics discussed included:

IAASB Meeting Highlights – 11-15 March 2019

  • ISA 600 ‘Group Audits’

  • Conforming Amendments to Other Standards

  • ISA 315 (Revised) ‘Identifying and Assessing the Risk of Material Misstatement’

  • Audits of Less Complex Entities

  • Extended External Reporting (EER) Assurance

  • Audit Evidence.

IAASB Meeting Highlights – 31 January 2019

  • EER Assurance.

IAASB Meeting Highlights – 22 January 2019

  • IAASB Strategy 2020-2023.

Latest publications from the IAASB included:

Name Publication date
Proposed Quality Management Standards 25 February 2019
Focus on Professional Skepticism 22 February 2019
Exposure Draft, International Standard on Auditing 220 (Revised) ‘Quality Management for an Audit of Financial Statements’ (comments due 1 July 2019) 8 February 2019
Exposure Draft, International Standard on Quality Management 2 ‘Engagement Quality Reviews’ (comments due 1 July 2019) 8 February 2019
Exposure Draft, International Standard on Quality Management 1 ‘Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements’ (comments due 1 July 2019) 8 February 2019
The IAASB’s Exposure Drafts for Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews (comments due 1 July 2019) 8 February 2019
IAASB Work Plan for 2019: Enhancing Audit Quality 4 February 2019

 

Ethics Update

Australian Update – Accounting Professional and Ethical Standards Board (APESB)

Topics discussed included:

APESB Meeting Highlights – 18 February 2019

  • Proposed Exposure Draft ED 01/19 to revise APESB pronouncements:

    • APES 210 Conformity with Auditing and Assurance Standards

    • APES 215 Forensic Accounting Services

    • APES 220 Taxation Services

    • APES 225 Valuation Services

    • APES 305 Terms of Engagement

    • APES 345 Reporting on prospective financial information prepared in connection with a Public Document

    • APES 350 Participation by Members in Public Practice in Due Diligence Committees in connection with a Public Document

    • GN 20 Scope and Extent of Work for Valuation Services

    • GN 21 Valuation Services for Financial Reporting

    • GN 31 Professional and Ethical Considerations relating to Low Doc Offering Sign-offs

    • Update on proposed revisions to Quality Review standards

    • Update on the Royal Commission and impact on Financial Services.

Latest news and media releases from the APESB included:

Name Publication date
Proposed revisions to APESB Pronouncements 1 March 2019

 

International Update – International Ethics Standards Board for Accountants (IESBA)

Topics discussed included:

IESBA Meeting Highlights – 11-13 March 2019

  • Roll-out of the Revised Restructured Code (the Code)

  • Alignment of Part 4B of the Code with ISAE 3000 ‘Assurance Engagements Other Than Audits or Reviews of Historical Financial Information’

  • Non-Assurance Services

  • Long Association FAQs.

 

NSW Treasury

NSW Treasury documents and resources

Treasury’s recent releases included:

Name Publication date
TPP19-04 Financial Reporting Code for NSW General Government Sector Entities 28 March 2019
TC19-04 Mandates of options and major policy decisions under Australian Accounting Standards 28 March 2019
Government Sector Finance Act 2018 – Resources January – March 2019
Archived, withdrawn or superseded NSW Treasury Circulars 8 March 2019
TC19-03 Recurrent Expenditure Assurance Framework 12 February 2019
TPP19-03 Recurrent Expenditure Assurance Framework 12 February 2019
TPP19-01 Guide to Better Regulation 25 January 2019
TC19-02 Guide to Better Regulation 25 January 2019
TPP19-02 Guidelines for Community Service Obligations 25 January 2019
TC19-01 Agency Guidelines for the 2018-19 Mandatory Early Close* 10 January 2019
Changes to Annual Reporting Requirements – Dec 2018 6 January 2019
TC18-18 Agency Recouping of Merchant Interchange Fees 20 December 2018
TPP18-09 – Outcome Budgeting* 19 December 2018
TC18-17 FY18-19 Timetable for Agency Asset Valuations* 18 December 2018

*For more information refer to Hot Topics section.

 

Department of Finance, Services and Innovation (DFSI)

Whole of Government Circulars

DFSI released the following circulars:

Name Type of document Publication date
DFSI-2019-02-NSW Cyber Security Policy* Circular 1 February 2019

*For more information refer to Hot Topics section.

 

NSW Procurement Board

Directions and Procurement Alerts

NSW Procurement Board’s recent Directions and Procurement alerts included:

Name Type of document Publication date
PBD-2019-01 Engagement of professional services suppliers Direction 26 March 2019
PBD-2018-02 Replacement of the ICT Short Form Contract in the Procure IT Framework Direction 30 January 2019
ICT Services Scheme extended to 28 February 2021 Procurement alert 14 January 2019

 

Public Accounts Committee (PAC)

Inquiries and Reports

Inquiries and Reports tabled in NSW Parliament included:

Name Type of document Publication date
Examination of the Auditor-General’s Performance Audit Reports February 2016 – September 2016 Report 18 December 2018

 

Public Accountability Committee

Inquiries and Reports

Inquiries and Reports tabled in NSW Parliament included:

Name Type of document Publication date
Scrutiny of public accountability in New South Wales – Final Report Report 30 January 2019
Impact of the CBD and South East Light Rail Project – Final Report Report 25 January 2019
The impact of the WestConnex Project – Final Report Report 17 December 2018

 

Office of Local Government (OLG)

Recent publications released included:

Name Publication date
19-03 2018-19 and 2019-20 Joint Organisation Calendar of Compliance and Reporting Requirements 14 March 2019
19-02 IPART review of the costs of conducting local government elections and extension of the deadline for councils to make a decision on the administration of their elections 8 February 2019
Council misconduct tops complaint list 23 December 2018
18-47 Amendments to the election provisions of the Local Government (General) Regulation 2005 19 December 2018
18-46 New Councillor Induction and Professional Development Requirements* 18 December 2018
18-45 Commencement of the new Model Code of Meeting Practice for Local Councils in NSW* 18 December 2018
18-44 Commencement of the new Model Code of Conduct for Local Councils in NSW and Procedures* 18 December 2018

*For more information refer to Hot Topics section.

 

Australian Securities and Investments Commission (ASIC)

Recent media releases included:

Name Publication date
19-038MR ASIC welcomes new whistleblowing laws 21 February 2019
19-035MR ASIC update on implementation of Royal Commission recommendations 19 February 2019
19-032MR ASIC to pursue harsher penalties after laws passed by Senate 15 February 2019
19-020MR Statement from ASIC Chair James Shipton on the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry 4 February 2019
19-014MR Findings from 30 June 2018 financial reports* 25 January 2019
18-369MR ASIC reports on decisions to cut red tape – April 2018 to September 2018 6 December 2018

*For more information refer to Hot Topics section

 

Australian Charities and Not-for-profits Commission (ACNC)

Recent news and media included:

Name Publication date
2018 Annual Information Statement due date fast approaching 4 March 2019
How the ACNC approaches concerns about charities 25 January 2019
Charity sector predicted to flourish 24 January 2019
The second object of the ACNC Act 12 December 2018

 

Australasian Council of Auditors-General (ACAG) Submissions

ACAG recently made a submission to the AASB on:

Name Due date
ED 287 ‘Onerous Contracts – Cost of Fulfilling a Contract’ 22 March 2019

 

Publications by Australian and New Zealand Audit Offices

Australian National Audit Office

Australian National Audit Office (ANAO) Publication date
Defence’s Management of its Projects of Concern 26 March 2019
ANZAC Class Frigates – Sustainment 18 March 2019
Efficiency of the Investigation of Transport Accidents and Safety Occurrences 14 March 2019
Insights from reports tabled October to December 2018 7 March 2019
Management of Smart Centres’ Centrelink Telephone Services Follow-up 21 February 2019
Closing the Gap 20 February 2019
Australian Government Funding of Public Hospital Services – Risk Management, Data Monitoring and Reporting Arrangements 15 February 2019
Efficiency of the Processing of Applications for Citizenship by Conferral 11 February 2019
The Australian Criminal Intelligence Commission’s Administration of the Biometric Identification Services Project 21 January 2019
Northern Australia Quarantine Strategy – Follow-on Audit 17 January 2019
Award of a $443.3 Million Grant to the Great Barrier Reef Foundation 16 January 2019
Cape Class Patrol Boat – In Service Support Arrangements 18 December 2018
2017-18 Major Projects Report 18 December 2018
Audits of the Financial Statements of Australian Government Entities for the Period Ended 30 June 2018 17 December 2018
Administration of the Renewable Energy Target 17 December 2018
Implementation of the Annual Performance Statements Requirements 2017-18 17 December 2018
Implementation of the Australian Government’s Workplace Bargaining Framework 13 December 2018

 

Australian Capital Territory Audit Office

Australian Capital Territory Audit Office (ACT AO) Publication date
Recognition and implementation of obligations under the Human Rights Act 2004 22 February 2019
Total Facilities Management Procurement 18 January 2019
2017-18 Financial Audits – Financial Results and Audit Findings 13 December 2018

 

Northern Territory Auditor-General's Office

Northern Territory Auditor-General's Office (NT AGO) Publication date
Report to the Legislative Assembly 20 March 2019

 

Queensland Audit Office

Queensland Audit Office (QAO) Publication date
Follow-up of Oversight of recurrent grants to non-state schools 26 March 2019
Queensland state government: 2017-18 results of financial audits 28 February 2019
Health: 2017-18 results of financial audits 26 February 2019
Market-led proposals 13 December 2018

 

South Australian Auditor-General’s Department

South Australian Auditor-General’s Department (SA AGD) Publication date
Consolidated Financial Report review 19 March 2019
Adelaide Oval redevelopment for the designated period 1 July 2018 to 31 December 2018 26 February 2019
State Finances and related matters 12 February 2019
Land services commercialisation project 12 December 2018

 

Tasmanian Audit Office

Tasmanian Audit Office (TAS AO) Publication date
Student attendance and engagement: Years 7 to 10 21 March 2019
Performance management in the Tasmanian State Service: A focus on quality conversations 19 March 2019
Audit Summary 2017-18 29 November 2018
Local Government Authorities 2017-18 29 November 2018
Government Businesses 2017-18 27 November 2018
Treasurer’s Annual Financial Report and results of General Government Sector Entities 2017-18 27 November 2018

 

Victorian Auditor-General’s Office

Victorian Auditor-General’s Office (VAGO) Publication date
Access to Mental Health Services 21 March 2019
Professional Learning for School Teachers 20 February 2019
Results of 2017-18 Audits: Local Government 19 December 2018

 

Western Australia Office of the Auditor-General

Western Australia Office of the Auditor-General (WA OAG) Publication date
Audit Results Report – Annual 2017-18 Financial Audits of Local Government Entities 7 March 2019
Management of Supplier Master Files 7 March 2019
Opinions on Ministerial Notifications 13 February 2019
Opinion on Ministerial Notification 23 January 2019
Opinions on Ministerial Notifications 20 December 2018
Managing Disruptive Behaviour in Public Housing 20 December 2018
Treatment Services for People with Methamphetamine Dependence 18 December 2018
Opinions on Ministerial Notifications 18 December 2018

 

New Zealand Office of the Auditor-General

New Zealand Office of the Auditor-General (NZ OAG) Publication date
Inquiry into procurement of work by Westland District Council at Franz Josef 1 March 2019
Tertiary Education Institutions: Changes to the requirements for performance reporting in annual reports 14 February 2019
Matters arising from our audits of the 2018-28 long-term plans 8 February 2019
Managing stormwater systems to reduce the risk of flooding 10 December 2018

 

Other Useful Resources

The Treasury (Australian Government)

Recent publications included:

Name Publication date
Black Economy Procurement Connected Policy 26 March 2019
Privacy Impact Assessment – Consumer Data Right 1 March 2019
Restoring trust in Australia’s financial system 4 February 2019
Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry 4 February 2019

 

Independent Commission Against Corruption (ICAC)

Recent media releases included:

Name Publication date
ICAC to hold public inquiry into allegations concerning University of Sydney and contract security services providers 25 January 2019
ICAC finds DFSI ICT project manager corrupt after 'hijacking' business name to obtain half-million dollar benefit 16 January 2019

 

Independent Pricing & Regulatory Tribunal (IPART)

Recent IPART papers and reports included:

Name Industry Type of document Publication date
Incident reporting – March 2019 Energy Reporting Manual 26 March 2019
Annual compliance reporting – February 2019 Energy Reporting Manual 26 March 2019
Report to the Minister – Hunter Water Operational Audit – 2017-18 Water Compliance Report 5 March 2019
Rental arrangements for communication towers on Crown land Special Reviews Issues Paper 26 February 2019
Review of costs of conducting local government elections Local Government Terms of Reference 21 February 2019
Public Hearing on 12 February 2019 (Review of maximum prices for Valuer General’s land valuation services to councils) Special Reviews Transcript 15 February 2019

 

NSW Ombudsman

Recent media releases included:

Name Publication date
Release of Oversight of the Public Interest Disclosures Act Annual Report 28 February 2019