To open hyperlinks in new tab, right click on link and select 'Open link in a new tab' or 'Open link in new window'. For best user experience, please use Google Chrome to view.
Dealing with Corruption, Fraud and the ICAC: the role of public sector Audit and Risk Committees
The NSW Independent Commission Against Corruption (ICAC) recently released a paper ‘Dealing with Corruption, Fraud and the ICAC: the role of public sector Audit and Risk Committees’ (the Guidance) to help guide audit and risk committees on their role in dealing with corruption, fraud and the ICAC.
The Guidance explains the role of Audit and Risk Committees (ARCs) in managing the risk of fraud and corruption, through monitoring, reviewing and providing advice about an agency’s:
- fraud and corruption control framework
- investigations of suspected fraud and corruption
- internal audits
- risk management
- outsourced activities and supply chains
- external audit
- management of probity.
The Guidance should be read in conjunction with other guidelines and policies dealing with corruption prevention, fraud control, internal auditing and risk management and the conduct of ARCs, in particular, NSW Treasury’s ‘Internal Audit and Risk Management Policy for the NSW Public Sector’. It is important to note that the Guidance is not about managing the risk of fraud and corruption, but how the ARC can fit within an agency’s overall integrity framework.
Treasury Risk Maturity Assessment Tool
NSW Treasury recently released its Risk Maturity Assessment Tool (the Tool) with the objective of supporting risk management, culture and capability across the NSW public sector. In addition to helping agencies meet their obligations under section 3.6 of the Government Sector Finance Act 2018, it also:
- helps agencies to assess their own maturity level
- helps agencies identify specific areas to improve risk culture and capability
- supports whole of government improvements to risk management through a uniform tool
- allows agencies to compare results over time.
The Tool comprises:
- Treasury Risk Maturity Assessment Tool Guidance Paper (TPP20-06)
- Treasury Risk Maturity Assessment Tool A3 Matrix
- Treasury Risk Maturity Assessment Tool Spreadsheet
all of which can be located in the link to the Tool above.
ASIC focus areas for financial reporting under COVID-19 conditions for years ended 30 June 2020
On 7 July 2020, ASIC provided further information on focuses for financial reporting under COVID-19 conditions for the year ended 30 June 2020 following its original guidance via the frequently asked questions already published on the ASIC website.
Given the adverse impacts on many entities from the COVID-19 pandemic, ASIC recommended that directors, preparers and auditors should focus on:
- factors affecting asset values, provisions and assessments of solvency and going concern
- asset values including impairment of non-financial assets, values of property assets, expected credit losses on loans and receivables and values of other assets (such as inventories, deferred tax assets and investments in unlisted entities)
- provisions and the existence of onerous contracts
- events occurring after year end and before completing the financial report
- disclosures in the financial report and Operating and Financial Review
- reporting processes including the disclosure of assumptions, estimates and forward-looking information
- other matters including hedge effectiveness, sales returns and off-balance sheet exposures.
ASIC announces findings from 31 December 2019 financial reports
In July 2020, the Australian Securities and Investments Commission (ASIC) released 20-173MR ‘ASIC review of 31 December 2019 reports’, highlighting the results from its review of the financial reports for the year ended 31 December 2019 of 90 listed and other public interest entities. The table below summaries some of the key findings from the review:
|Areas of focus||Findings noted|
Concerns around revenue recognition, particularly contracts that involve multiple performance obligations where one or more obligation is still to be met.
Some instances noted where the accounting policy for revenue recognition needed to be more clearly described.
|Asset values and impairment testing||
Concerns about assessments of the recoverability of the carrying values of assets, including goodwill, exploration and evaluation expenditure, and property plant and equipment, including:
|Tax accounting||Concerns include the adequacy of tax expense and probability that future taxable income will be sufficient to recover deferred tax assets.|
|Provisions||Concerns noted relating to the adequacy of provisions for rehabilitation, warranty claims and employee benefits.|
|Financial instruments||Concerns noted included the fair valuation of equity instruments and an arrangement where a fair value gain arose from the forgiveness of debt.|
|Consolidation and equity accounting||Concerns noted about non-consolidation of other entities or not equity accounting an interest in other entities where there were indicators of possible significant influence.|
|New lease accounting standard||Concerns noted around the explanation of the impact of adopting the new leasing standard.|
AASB staff FAQs – events after the reporting period during the COVID-19 pandemic
In March 2020, the AASB and the AUASB issued a joint FAQ ‘The Impact of Coronavirus on Financial Reporting and the Auditor’s Considerations’ which provides guidance for stakeholders in assessing the broader financial reporting implications of COVID-19, including whether events after the reporting period require adjustment in the financial statements.
In August 2020, the AASB issued the ‘AASB Staff FAQs – Events after the reporting period during the COVID-19 pandemic’ which provides a more in-depth guidance for assessing accounting for events after the reporting period in light of developments beyond 30 June 2020, such as reinstated lockdowns, government policy changes and the potential for further events prior to entities authorising their financial statements for issue.
The staff FAQ provides guidance on the following questions:
- What are events after the reporting period?
- How do I assess whether an event after the reporting period is an ‘adjusting event’ or a ‘non-adjusting event’?
- How should the financial statements reflect an adjusting event?
- Is any action needed if the event is a non-adjusting event?
- How do I assess whether an event after the reporting period is material?
- Do events after the reporting period affect the going concern assessment?
- What disclosures are required for events after the reporting period?
The AUASB has also updated the COVID-19 FAQs for Auditors to include guidance on events after the end of the reporting period.
Guidance for AASB 1059 Service Concession Arrangements: Grantors – Application of TPP 14-01 Valuation of Physical Non-Current Assets at Fair Value to assets recognised as service concession assets
In July 2020, NSW Treasury released ‘Guidance for AASB 1059 Service Concession Arrangements: Grantors – Application of TPP 14-01 Valuation of Physical Non-Current Assets at Fair Value to assets recognised as service concession assets’.
Physical non-current assets recognised as service concession assets under AASB 1059 will be subject to TPP 14-01 ‘Valuation of Physical Non-Current Assets at Fair Value’ (TPP 14-01) which requires physical non current assets to be revalued at fair value.
Despite AASB 13 ‘Fair Value Measurement’ and TPP 14-01 permitting agencies to use judgement in determining whether to measure fair value at the market, income or cost approach, grantors in a service concession arrangement under AASB 1059 are required to measure a service concession asset at current replacement cost in accordance with the cost approach to measuring fair value in AASB 13.
NSW Treasury’s guidance assists NSW public sector agencies in applying these requirements, however it is not a substitute for the relevant accounting standards.
The guidance is applicable to all NSW public sector agencies (including Statutory State-Owned Corporations) for financial years beginning on or after 1 July 2020.
Local Government (General) Amendment (Conduct) Regulation 2020 and OLG circular 20-32 ‘Amendments to the Model Code of Conduct for Local Councils in NSW and Procedures’
The Local Government (General) Amendment (Conduct) Regulation 2020 was published on the NSW legislation website on 14 August 2020.
- updates references to a new Model Code of Conduct for local councils published on 7 August 2020
- amends existing provisions for the expulsion of councillors and members of the public from a council meeting
- requires council meetings to be broadcast live or recorded and published on the council’s website.
In conjunction with the amended Regulation, the Office of Local Government (OLG) has issued Circular 20-32 ‘Amendments to the Model Code of Conduct for Local Councils in NSW and Procedures’ to advise councils of the amendments to the Model Code of Conduct for Local Councils in NSW (the Model Code) and the Procedures for the Administration of the Model Code of Conduct for Local Councils in NSW (the Procedures).
Key amendments to the Model Code included:
- removing the failure to comply with a council resolution requiring action in relation to a code of conduct breach as a breach
- incorporating members of audit, risk and improvement committees in the definition of council committee and council committee members
- amending the gifts and benefits provisions to:
- increase the cap on the value of gifts that may be accepted from $50 to $100
- clarify that items with a value of $10 or less are not “gifts or benefits” for purposes of the Model Code and do not need to be disclosed
- clarify that benefits and facilities provided by councils to staff and councillors are not 'gifts or benefits' for the purposes of the Model Code
- remove the cap on the value of meals and refreshments that may be accepted by council officials as part of the performance of their official duties.
Key changes to the Procedures included:
- councils having the following options when taking disciplinary action against councillors:
- that a councillor be formally censured for the breach under section 440G of the Local Government Act 1993 (the Act), or
- that a councillor be formally censured for a breach under section 440G and the matter referred to the OLG for further disciplinary action under the misconduct provisions of the Act
- strengthening the process for censuring councillors for beaches of the code of conduct to ensure councillors are made publicly accountable for their conduct
- giving councillors the option to avoid public censure of their code of conduct breaches by voluntarily agreeing to undergo training or counselling, to apologise for their conduct or to give undertakings not to repeat their conduct before the investigator finalises their report to the council
- streamlining the process for council to refer code of conduct breaches by councillors to OLG for further disciplinary action under the misconduct provisions of the Act
- allowing panels of conduct reviewers to be appointed without the resolution of the council and the referral of investigators’ reports to OLG for action under the misconduct provisions of the Act where council will not have a quorum.
The new prescribed Model Code of Conduct and Procedures take effect immediately and are available on the OLG’s website.
Local Government End of Year Financial Reporting 2019-20
The Office of Local Government (OLG) recently issued Circular 20-36 ‘End of Year Financial Reporting 2019-20’ (the Circular) to update the year-end financial reporting information for councils and joint organisations (JOs) to assist them when completing their 2019-20 financial statements and financial data return (FDR). It supersedes the previous circular 19-15.
- advises that all councils and JOs have been granted an extension and must submit their financial statements and the FDR to OLG by 30 November 2020
- encourages councils and JOs to communicate early with Audit Service Provers/Audit Office representatives on any matters that may arise
- encourages councils to prepare proforma financial statements and identify opportunities to declutter financial statements by removing unnecessary notes and streamlining disclosures
- advises that councils should prepare accounting policy position papers, which include detailed assessments, support for judgements and assumptions and accounting considerations, for all material accounting areas, with a particular focus on areas significantly impacted by COVID-19
- advises that councils should assess if the impact of the new accounting standards will be material and prepare workpapers to support this assessment, and where possible, quantify the impact of new accounting standards that have been issued but are not yet effective
- advises that councils should commence and complete revaluations early, perform annual fair value assessments and take into account restrictions on asset use, especially for community land and land under roads when assessing the valuation
- prescribes indicative rates for discounting employee provisions and the most current index rates for water and sewer assets
- provides guidance on infrastructure ratios, restricted funds and the formation of /participation in council entities
- advises councils that the local government elections have been deferred due to COVID-19 hence, the implementation date of the Audit, Risk and Improvement Committee is now March 2022
- encourages councils to obtain information on crown reserves they manage from the Department of Industry’s Crown Land portal and reconcile this against the council’s fixed asset register as at 30 June 2020
- advises that Domestic Waste Management will not be audited for the 2019-20 financial year.
Further details can be found in the Annexures to the Circular.
Audit Office of New South Wales
Margaret Crawford, Auditor-General for New South Wales – presentations, attendances and interviews
|Parliament – Legislative Assembly||Public Accounts Committee Briefing||Briefing to discuss audit reports tabled since 6 August 2020||24 September 2020|
|Jeff Whalan Learning Group||Guest speaker webinar – Georgie Harman||Attendance*||21 September 2020|
|NSW Treasury||ARC Leadership Forum||Presentation*||2 September 2020|
|Institute of Public Administration Australia (IPAA)||On the Couch with Kathrina Lo||Attendance*||31 August 2020|
|Jeff Whalan Learning Group||Spruce Executive Learning Group Meeting||Attendance*||27-28 August 2020|
|Parliament – Legislative Assembly||Public Accounts Committee Briefing||Briefing to discuss audit reports tabled since 5 June 2020||6 August 2020|
|Parliament – Legislative Assembly||Public Accounts Committee Hearing||Public hearing – follow up of performance audits||27 July 2020|
|Committee for Economic Development of Australia (CEDA)||Road to recovery – keynote address by the Premier of NSW||Attendance||15 July 2020|
Auditor-General’s reports to Parliament
|Report||Type of report||Report date|
|Support for regional town water infrastructure||Performance audit||24 September 2020|
|Credit card management in Local Government||Performance audit||3 September 2020|
|Governance and internal controls over local infrastructure contributions||Performance audit||17 August 2020|
|Health capital works||Performance audit||12 August 2020|
|Their Futures Matter||Performance audit||24 July 2020|
|Annual work program 2020-21||Work program||24 July 2020|
Australian update – Australian Accounting Standards Board (AASB)
Topics discussed included:
AASB Meeting Highlights – 16-17 September 2020
- interest rate benchmark reform – phase 2
- primary financial statements
- goodwill and impairment
- fair value measurement for not-for-profit entities
- right-of-use assets for not-for-profit entities
- IPSASB exposure drafts on revenue and transfer expenses
- not-for-profit private sector financial reporting framework
- conceptual framework – not-for-profit entities
- audit fee disclosure and going concern.
|Name||Type of document||Publication date|
|AASB Work Program Update||Work Program||24 September 2020|
|AASB 2020-8 ‘Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform – Phase 2’||Accounting standard||22 September 2020|
|AASB Staff FAQ on Events after the Reporting Period*||Guidance||20 August 2020|
|Goodwill and Impairment Discussion Paper webinar||Webinar||19 August 2020|
|AASB 2020-7 ‘Amendments to Australian Accounting Standards – COVID-19-Related Rent Concessions: Tier 2 Disclosures’||Accounting standard||13 August 2020|
|AASB 2020-6 ‘Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current – Deferral of Effective Date’||Accounting standard||13 August 2020|
|AASB Staff FAQ on Accounting for Concessionary Loans by Not-For-Profit entities||Guidance||5 August 2020|
|AASB 2020-5 ‘Amendments to Australian Accounting Standards – Insurance Contracts’||Accounting standard||30 July 2020|
|AASB Staff FAQ on Remuneration Underpayments||Guidance||17 July 2020|
|AASB Staff FAQ on Impairment of Non-Financial Assets||Guidance||14 July 2020|
|AASB Staff FAQs on Accounting for Government Support||Guidance||2 July 2020|
International Update – International Accounting Standards Board (IASB)
Topics discussed included:
IASB Meeting Highlights – 22-23 September 2020
- maintenance and consistent application
- rate-regulated activities
- management commentary
- business combinations under common control
- extractive activities.
IASB Meeting Highlights – 22-23 July 2020
- IBOR reform and its effects on financial reporting – phase 2
- disclosure initiative – accounting policies
- IFRS taxonomy update
- maintenance and consistent application
- extractive activities
- management commentary.
International Update – International Financial Reporting Standards (IFRS) Foundation
Latest news from the IFRS Foundation included:
|Webinar on second comprehensive review of the IFRS for SMEs Standard||21 August 2020|
|IFRS Foundation published revised Due Process Handbook||21 August 2020|
|What is the due process and why does it matter?||21 August 2020|
|IASB issues IFRS Taxonomy Update for COVID-19-Related Rent Concessions||18 August 2020|
|New webcast on IFRS Taxonomy 2020 published||5 August 2020|
|New two-part webcast: Amendments to IFRS 17 Insurance Contracts||30 July 2020|
|IASB proposes changes to the IFRS Taxonomy to reflect amendments to IFRS 17, IFRS 4 and IAS 16||16 July 2020|
|IASB defers the effective date of amendments to IAS 1||15 July 2020|
International Update – International Public Sector Accounting Standards Board (IPSASB)
Topics discussed included:
IPSASB Meeting Highlights – 14-18 and 22 September 2020
- ED 73, COVID-19: deferral of effective dates
- ED 74, amendments to IPSAS 5, borrowing costs
- public sector specific financial instruments
- ED 75, leases – IFRS 16 alignment
- ED 76 and ED 77, conceptual framework – limited scope update and measurement
- ED 79, non-current assets held for sale and discontinued operations
- ED 78, IPSAS 17 update, heritage and infrastructure
- natural resources.
IPSASB Meeting Highlights – 28 July 2020
- public sector specific financial instruments, responses to exposure draft 69
- ED 78 – IPSAS 17 update.
Recent news from the IPSASB included:
|New accounting tool available for governments to better understand impacts of COVID-19 Interventions||22 July 2020|
|IPSASB proposes delay of effective dates for recent Standards and Amendments||15 July 2020|
Australian Update – Auditing and Assurance Standards Board (AUASB)
Topics discussed included:
AUASB Meeting Highlights – 9 and 11 September 2020
- ASRS 4400 ‘Agreed-Upon Procedures Engagements’
- GS 012 ‘Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions (ADIs) and ADI Groups’
- AUASB guidance statements revisions
- IAASB matters
- due process documentation and revision of the AUASB preambles.
|IAASB support materials – FAQs regarding the use of technology in performing audit procedures||September 2020|
|Seeking feedback on IAASB’s Going Concern and Fraud Discussion Paper||September 2020|
|Illustrative examples for ISA 540 (Revised) Auditing Accounting Estimates and Related Disclosures||September 2020|
|AUASB issues revised GS 012 ‘Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions (ADIs) and ADI Groups’||11 September 2020|
|Have your say on the IAASB’s Auditor Reporting Post-Implementation Review Stakeholder Survey||August 2020|
|AUASB amends Auditor’s Responsibilities Statements||29 July 2020|
|AUASB issues Conforming Amendments to the Australian Auditing and Assurance Standards resulting from the revised Code of Ethics||21 July 2020|
|IFAC Webinar series on ‘Practical Audit Quality Considerations for Auditing in the Pandemic Environment’||9 July 2020|
International Update – International Auditing and Assurance Standards Board (IAASB)
Topics discussed included:
IAASB Meeting Highlights (virtual board meeting) – 14-23 September 2020
- ISQM 1 – Quality Management at the Firm Level
- ISQM 2 – Engagement Quality Reviews
- ISA 220 – Quality Management at the Engagement Level
- EER (Extended External Reporting) Assurance
- quality management conforming amendments to ISAs
- quality management conforming amendments to other IAASB Standards
- due process.
IAASB Meeting Highlights (conference call) – 11 August 2020
- fraud and going concern.
IAASB Meeting Highlights (conference call) – 22 July 2020
- definitions of listed entity and public interest entity
- quality management standards – conforming amendments to ISAs.
Latest news from the IAASB included:
|New support materials available from IAASB for using automated tools and techniques in audit procedures||28 September 2020|
|IAASB seeks feedback on fraud, going concern in financial statement audits||15 September 2020|
|IAASB issues new project update for ISA 500 ‘Audit Evidence’||3 September 2020|
|New illustrative examples for ISA 540 (Revised) implementation: expected credit losses||31 August 2020|
|IAASB assists with audit considerations for the impact of COVID-19||31 July 2020|
Australian Update – Accounting Professional and Ethical Standards Board (APESB)
Topics discussed included:
APESB Meeting Highlights – 28 August 2020
- proposed revisions to Part 4B of the Code
- proposed revisions to the Code of the role and mindset of accountants
- international and other activities
- update relating to insolvency services
- COVID-19 Q&A on various services
- IEASBA presentation on technology
- proposed submission on the AASB’s ED regarding special purpose financial statement disclosures
- update on whistleblowing project
- update on audit standard setting and regulations.
Latest news from the APESB included:
|APESB issues amendments to APES 110 Code of Ethics for Professional Accountants (including Independence Standards)||30 September 2020|
|APESB issues guidance on APES 110 Code prohibitions for all audit and review engagements||12 August 2020|
|APESB and IESBA staff collaborate on ethics guidance for COVID-19||3 August 2020|
|APESB welcomes monitoring group report on the international audit and ethics standard-setting system||17 July 2020|
|APESB proposes revisions to terms of engagement standard||14 July 2020|
International Update – International Ethics Standards Board for Accountants (IESBA)
Topics discussed included:
IESBA Meeting Highlights – 14-21, 29 September and 1 October 2020
- appropriate reviewer objectivity
- non-assurance services
- IAASB-IESBA coordination
- public interest entities
IESBA Meeting Highlights (virtual board meeting) – 22 July 2020
- non-assurance services
- benchmarking initiative.
|International Audit and Ethics Standards Boards embrace conclusion of monitoring group review and renewal of commitment to global standards||14 July 2020|
NSW Treasury documents and resources
Treasury’s recent releases included:
|Accounting Guidance for Capitalisation of Costs Relating to Cloud-based Software||30 September 2020|
|List of Current Treasurer’s Directions – September 2020||18 September 2020|
|TPP 20-06 ‘Treasury Risk Maturity Assessment Tool Guidance Paper’*||17 September 2020|
|Audit of staffing arrangements||9 September 2020|
|TTRP 20-01 ‘Preliminary Participation Rate Projections for the 2021 Intergenerational Report’||6 August 2020|
|Regulating for NSW's Future||27 July 2020|
|Application of TPP 14-01 to Service Concession Assets*||20 July 2020|
|Guidance on recognition of gains and losses in the operating statement||13 July 2020|
|Guidance on accounting for TMF Recoveries||13 July 2020|
NSW Procurement Board
Directions and Procurement Alerts
Office of Local Government (OLG)
Recent circulars released included:
|20-37 ‘Status of special COVID-19 measures’||22 September 2020|
|20-36 ‘End of Year Financial Reporting 2019-20’*||7 September 2020|
|20-34 ‘Joint Organisation Calendar of Compliance and Reporting Requirements 2020-21’||21 August 2020|
|20-33 ‘Calendar of Compliance and Reporting Requirements 2020-21’||21 August 2020|
|20-32 ‘Amendments to the Model Code of Conduct for Local Councils in NSW and Procedures’*||14 August 2020|
|20-31 ‘New requirement for councils to retain recordings of meetings on their websites for a minimum of 12 months’||14 August 2020|
|20-30 ‘COVID-19 Economic Stimulus Package – 2020-21’||5 August 2020|
|20-28 ‘Rules on attendance at council and committee meetings during the COVID-19 pandemic as of 1 July 2020’||3 July 2020|
Australian Securities and Investments Commission (ASIC)
Recent media releases included:
|20-202MR ASIC’s Corporate Plan 2020-24||31 August 2020|
|20-173MR ASIC review of 31 December 2019 financial reports*||31 July 2020|
|20-157MR Focuses for financial reporting under COVID-19 conditions*||7 July 2020|
Australasian Council of Auditors-General (ACAG) Submissions to AUASB or AASB
ACAG recently made submissions on:
|ED ISA 600 ‘Special Considerations – Audits of Group Financial Statements’||4 September 2020|
|ED 298 ‘General Presentations and Disclosures’||13 August 2020|
Publications by Australian and New Zealand Audit Offices
Australian National Audit Office
|Australian National Audit Office (ANAO)||Type of report||Publication date|
|Indigenous Advancement Strategy – Children and Schooling Program and Safety and Wellbeing Program||Performance audit||28 September 2020|
|ANAO Annual Report 2019-20||Annual report||28 September 2020|
|System Redevelopment – Managing Risks While Planning Transition||Performance audit||24 September 2020|
|Purchase of the ‘Leppington Triangle’ Land for the Future Development of Western Sydney Airport||Performance audit||21 September 2020|
|Administration of Financial Disclosure Requirements under the Commonwealth Electoral Act||Performance audit||17 September 2020|
|Advances to the Finance Minister for the Period 1 August 2020 to 28 August 2020||Assurance review||14 September 2020|
|Design and Implementation of the Defence Export Strategy||Performance audit||10 September 2020|
|Regulation of the National Energy Market||Performance audit||3 September 2020|
|Establishment and Use of ICT Related Procurement Panels and Arrangements||Performance audit||31 August 2020|
|ANAO Audit Manual||Audit manual||28 August 2020|
|Advances to the Finance Minister for the Period 27 June 2020 to 31 July 2020||Assurance review||13 August 2020|
|Procurement of Strategic Water Entitlements||Performance audit||16 July 2020|
|Advances to the Finance Minister for the Period 30 May 2020 to 26 June 2020||Assurance review||28 May 2020|
|Advances to the Finance Minister for the Period 1 July 2019 to 24 April 2020||Assurance review||8 July 2020|
|Quality Assurance Framework and Plan 2020–21||Corporate||3 July 2020|
|ANAO Corporate Plan 2020–21||Corporate||1 July 2020|
Australian Capital Territory Audit Office
|Australian Capital Territory Audit Office (ACT AO)||Type of report||Publication date|
|Management of care for people living with serious and continuing illness||Performance audit||10 September 2020|
Queensland Audit Office
|Queensland Audit Office (QAO)||Type of report||Publication date|
|Delivering successful technology projects||Auditor-General’s insights||30 September 2020|
|Awarding of sports grants||Information brief||29 September 2020|
|Responding to complaints from people with impaired capacity – Part 1: The Public Trustee of Queensland||Performance audit||24 September 2020|
|Queensland Health’s new finance and supply chain management system||Information brief||23 September 2020|
|Queensland Government response to COVID-19||Topic overview||22 September 2020|
|Effectiveness of audit committees in state government entities||Auditor-General’s insights||8 September 2020|
|Annual report 2019-20||Annual report||24 August 2020|
|Family support and child protection system||Performance audit||4 August 2020|
South Australian Auditor-General’s Department
|South Australian Auditor-General’s Department (SA AGD)||Type of report||Publication date|
|Information and communications technology reviews||IT review||8 September 2020|
|Adelaide Oval redevelopment for the designated period 1 January 2020 to 30 June 2020||Financial audit||2 September 2020|
|Passenger transport service contracts – Bus and light rail||Probity review||7 August 2020|
|Education capital works – Planning and governance||Performance audit||5 August 2020|
|Examination of the management of road asset maintenance: Northern Areas Council||Performance audit||21 July 2020|
Tasmanian Audit Office
|Tasmanian Audit Office (TAS AO)||Type of report||Publication date|
|Expressions of interest for tourism investment opportunities||Performance audit||22 September 2020|
|Management of Underperformance in the Tasmanian State Service||Performance audit||27 August 2020|
|Effectiveness of Internal Audit||Performance audit||27 August 2020|
|Impact of COVID-19 on financial statement audit reports||Communique||August 2020|
Victorian Auditor-General’s Office
|Victorian Auditor-General’s Office (VAGO)||Type of report||Publication date|
|Victoria’s Homelessness Response||Performance audit||17 September 2020|
|Rehabilitating Mines||Performance audit||5 August 2020|
|Management of the Student Resource Package||Performance audit||5 August 2020|
Western Australia Office of the Auditor-General
|Western Australia Office of the Auditor-General (WA OAG)||Type of report||Publication date|
|Annual Report 2019-20||Annual Report||24 September 2020|
|Transparency Report: Current Status of WA Health’s COVID-19 Response Preparedness||Transparency review||24 September 2020|
|Managing the Impact of Plant and Animal Pests: Follow-up||Performance audit||31 August 2020|
|Waste Management – Service Delivery||Performance audit||20 August 2020|
|Opinion on Ministerial Notification – Agriculture Digital Connectivity Report||Ministerial notification||30 July 2020|
|Working with Children Checks – Managing Compliance||Performance audit||15 July 2020|
New Zealand Office of the Auditor-General
|New Zealand Office of the Auditor-General (NZ OAG)||Publication date|
|Inquiry into state schools requesting payments in connection with out-of-zone places – follow-up work||25 September 2020|
|Getting the best from panels of suppliers||September 2020|
|Managing the Provincial Growth Fund||31 July 2020|
|New Zealand Transport Agency: Maintaining state highways through Network Outcomes Contracts||31 July 2020|
|Inland Revenue Department: Benefits management for the Business Transformation programme||31 July 2020|
|Using information to improve public housing services||July 2020|
|Analysing government expenditure related to natural hazards||July 2020|
|District health boards: Main findings from the 2018/19 audits||30 June 2020|
Other Useful Resources
The Treasury (Australian Government)
Recent publications included:
|Corporate Plan 2020-21||31 August 2020|
|The JobKeeper Payment: Three-month review||21 July 2020|
Independent Commission Against Corruption (ICAC)
|Dealing with Corruption, Fraud and the ICAC: the role of public sector Audit and Risk Committees*||9 September 2020|
|ICAC finds former FACS officer corruptly obtained over $1.67 million for own company||27 August 2020|
Independent Pricing & Regulatory Tribunal (IPART)
Recent IPART papers and reports included:
|Name||Industry||Type of document||Publication date|
|Monitoring the electricity and gas retail markets for 2019-20||Energy||Fact sheet||29 September 2020|
|Issues Paper – Review of Water Management prices – September 2020||Water||Issues paper||15 September 2020|
|2021-22 rate peg for NSW councils||Local Government||Media release||8 September 2020|
|Domestic waste charges for NSW councils for 2021-22||Local Government||Fact sheet||8 September 2020|
|Electricity networks reporting manual – Safety management system performance measurement||Energy||Reporting manual||7 September 2020|
|Fact Sheet – Local Government discount rate||Local Government||Fact sheet||27 August 2020|
|Information Paper –Contributions plan assessment process for land costs||Local Government||Information paper||21 July 2020|
|Rural and Regional bus fares from January 2021||Transport||Issues Paper||7 July 2020|
Recent news and publications included:
|NSW Ombudsman tables investigation into SafeWork NSW||21 August 2020|