Professional Update website banner_April-June 2018 

In this edition...

Hot topics
NSW Treasury releases information on AASB 16 Leases transition elections and AASB 9 Financial Instruments
NSW Treasury releases information on fraud and corruption control, extension of the cash and banking services contract and mandatory annual returns

The Office of Local Government releases the final code of accounting practice and financial reporting and information on end of year financial reporting

AASB releases research report and discussion paper on financial reporting requirements applicable to Australian public sector entities


Audit Office of New South Wales
Margaret Crawford, Auditor-General for New South Wales  presentations, attendances and interviews
Auditor-General's reports to Parliament


Accounting update

Australian update – Australian Accounting Standards Board (AASB)
International update – International Accounting Standards Board (IASB)
International update – International Financial Reporting Standards (IFRS) Foundation
International update – International Public Sector Accounting Standards Board (IPSASB)


Auditing update
Australian update – Auditing and Assurance Standards Board (AUASB)
International update – International Auditing and Assurance Standards Board (IAASB)


Ethics update
Australian update – Accounting Professional and Ethical Standards Board (APESB)
International update – International Ethics Standards Board for Accountants (IESBA)


NSW Treasury

NSW Treasury documents and resources

Department of Premier and Cabinet
Ministerial memoranda and Department circulars

NSW Procurement Board
Directions and procurement alerts

Public Accounts Committee
Inquiries and reports

Public Accountability Committee
Inquiries and reports

Office of Local Government
Recent publications

Australian Securities and Investments Commission (ASIC)
Recent speeches
Recent media releases


Australian Charities and Not-for-profits Commission (ACNC)
Recent media releases

Australasian Council of Auditors-General (ACAG) submissions to AASB 
Recent submissions

Publications by Australian and New Zealand Audit Offices
Australian National Audit Office (ANAO)
Australian Capital Territory Audit Office (ACT AO)
Queensland Audit Office (QAO)
South Australian Auditor-General’s Department (SA AGD)
Tasmanian Audit Office (TAS AO)
Victorian Auditor-General’s Office (VAGO)
Western Australia Office of the Auditor-General (WA OAG)
New Zealand Office of the Auditor-General (NZ OAG)

Other useful resources
Independent Commission Against Corruption (ICAC) media releases
Independent Pricing & Regulatory Tribunal (IPART) information/fact sheets
 

 

Hot topics 

NSW Treasury releases information on AASB 16 Leases transition elections and AASB 9 Financial Instruments

NSW Treasury recently released the following guidance papers on accounting standards.

TC 18-05 ‘AASB 16 Leases Transition Elections’ (TC 18-05) prescribes the transition elections for NSW public sector agencies when adopting AASB 16 Leases for the first time for the 2019-20 financial year.

TC18-05 is issued as a Treasurer’s Direction under section 9 of the Public Finance and Audit Act 1983 (PF&A Act) and applies to all NSW public sector agencies, including state owned corporations (SOCs).

The Circular prescribes:

  • that agencies are to adopt the partial retrospective option in AASB 16 paragraph C5(b), where the cumulative effect of initially applying AASB 16 is recognised in opening accumulated funds on the initial application date
  • the practical expedients agencies are required to use.

Treasury will:

  • issue further guidance on the subsequent measurement of right of use assets
  • work with NSW Treasury Corporation to publish forecast discount rates for agencies that don’t borrow from the market, to estimate the impact of implementing AASB 16. Once AASB 16 is effective, Treasury will publish incremental borrowing rates for agencies to apply when entering new lease contracts.

Overview on AASB 9 Financial Instruments' (AASB 9) summarises the key requirements in AASB 9 and is effective for NSW public sector agencies from the 2018-19 financial year. AASB 9 replaces AASB 139 ‘Financial Instruments: Recognition and Measurement’ (AASB 139).

The key changes to AASB 9 compared to AASB 139 include:

  • the classification of financial assets being based on the entity’s business model and contractual cash flows tests
  • a change in the impairment model from an ‘incurred losses’ approach to ‘expected credit losses’
  • hedge accounting being more closely aligned to how the entity manages its risks
  • new disclosures to reflect the new requirements.

NSW Treasury will issue a Policy and Guidelines Paper to replace TPP 08-1 ‘Accounting for Financial Instruments’ in due course.

 

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NSW Treasury releases information on fraud and corruption control, extension of the cash and banking services contract and mandatory annual returns

NSW Treasury recently issued the following circulars.

TC 18-02 ‘NSW Fraud and Corruption Control Policy’ (TC 18-02) mandates that all NSW public sector agencies develop a fraud and corruption control policy.

TC 18-02 applies to all NSW public sector agencies, including SOCs from 1 July 2018. It is issued as a Direction to ‘officers of an authority’ and ‘accounting officers’ under section 9 of the PF&A Act. SOCs are required to develop a fraud prevention framework as part of their obligations under TPP17-10 ‘Guidelines for Governing Boards of Government Businesses’.

TC 18-02 requires all NSW public sector agencies to develop, implement and maintain a fraud and corruption control framework which should contain, at a minimum, the following elements:

  • a fraud and corruption control policy
  • clearly defined responsibilities for managing fraud and corruption
  • risk-based preventative and detective controls
  • policies, systems and processes to respond to, investigate and report suspected fraud and corruption
  • employee awareness/education measures
  • robust third-party management systems
  • regular review of the fraud and corruption framework and reporting.

TC 18-04 ‘Extension of the NSW Government Cash and Banking Services Contract’ directs accounting officers and officers of an authority, except SOCs, use the contracted services provider(s) for banking requirements, for the period 1 April 2018 to 31 March 2019.

TC18-04 is issued as a Direction in accordance with section 9 of the PF&A Act and replaces TC12-17 ‘NSW Government Cash and Banking Services Tender 2012’.

TC18-06 ‘Agency guidelines for the 2017-18 Mandatory Annual Returns to Treasury’ details the year end requirements and timetable for submitting Annual Returns to Treasury and financial statements to the Audit Office.

TC18-06, which supersedes TC17-06, applies to all NSW public sector agencies including SOCs that are required to submit Prime returns. Appendix A to the Circular contains the timetable for the Annual Return procedures and submission of financial statements to the Audit Office.

 

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The Office of Local Government releases the final code of accounting practice and financial reporting and information on end of year financial reporting

The Office of Local Government (OLG) issued Circular 18-10 ‘Final Code of Accounting Practice and Financial Reporting’ advising councils of the release of the final Local Government Code of Accounting Practice and Financial Reporting (Update 26) (the Code).

Circular 18-17 ‘End of Year Financial Reporting 2017-18’ updates the year-end financial reporting information for councils when completing their 2017-18 financial statements and Financial Data Return (FDR).

The Code prescribes the format for preparing councils’ 2017-18 financial statements and must be used in preparing their annual financial statements in accordance with the Local Government Act 1993 and the Local Government (General) Regulation 2015. The Code:

  • establishes a framework for preparing and reporting estimates of income and expenditure
  • provides guidance on the application of accounting standards and various legislative requirements
  • specifies the accounting records and practices councils must follow to ensure adequate systems or internal controls are in place to manage their resources
  • specifies the matters an auditor must consider and provide comment on, when conducting audits.

The Code consists of four parts:

Code Update 26 replaces the previous version of the Code (Update 25). A summary of the changes from Update 25 is available on the OLG website.

Key points in Circular 18-17, which supersedes Circular 17-27, include:

  • the financial statements and FDR must be submitted to the OLG by 31 October 2018. Extensions to this deadline need to be applied before 17 October 2018
  • early engagement with auditors, including identification and resolution of key accounting issues, and completion of asset valuations
  • annual fair value assessments to be conducted and supported by adequate documentation
  • prescribing indicative rates for discounting employee provisions and the most current index rates for water and sewer assets
  • requirements for merged councils to comply with the Code for the year ended 30 June 2018
  • guidance on infrastructure ration, restricted funds and the formation of /participation in council entities
  • calculation of domestic waste reasonable costs, although these will not be subject to audit in 2017-18.

Further details can be accessed in the Annexure to this Circular.

 

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AASB releases research report and discussion paper on financial reporting requirements applicable to Australian public sector entities

The Australian Accounting Standards Board (AASB) released the ‘AASB Research Report No 6: Financial Reporting Requirements Applicable to Australian Public Sector Entities’ (the Research Report) in May 2018. The Research Report was prepared to help the AASB understand the basis for public sector entities’ criticisms with the current financial reporting regime in Australia. Such criticisms include:

  • the significant cost of preparing General Purpose Financial Statements (GPFS) when user needs are unclear
  • inconsistency in reporting and assurance requirements across different jurisdictions in Australia
  • complex and technical requirements
  • linkage of financial reports with performance reports, budget accountability reporting, fiscal sustainability reporting.

The Research Report benchmarks the financial reporting requirements applicable to public sector entities in Australia and seven comparable international jurisdictions, and presents findings to contribute to discussions about how to overcome these criticisms. The findings of the Research Report indicate the financial reporting framework for the public sector can be improved.

The Research Report was followed by the ‘AASB Discussion Paper: Improving Financial Reporting for Australian Public Sector’ (the Discussion Paper) released in June 2018. The Discussion Paper proposes three key areas where the public sector financial reporting framework could be improved:

  • eliminate duplication of reporting
  • provide transparent objective criteria for the financial reporting and assurance requirements to enable each public sector entity to be accountable to the Australian public in a manner that balances user needs with preparer costs
  • match levels of assurance with the levels of financial reporting.

The Discussion Paper is intended to stimulate discussion amongst stakeholders in the public sector. It presents five options that illustrate possible reporting frameworks for public sector entities and addresses:

  • who should report – which public sector entities should be required to prepare and publish specified financial statements on the public record
  • what should be reported – the content of those financial statements and what tier of financial statements should be adopted
  • what level of assurance, if any, should be provided for the various levels of financial statements.

The Research Report and Discussion Paper are part of a larger project by the AASB and Auditing and Assurance Standards Board (AUASB) to review the financial reporting framework in Australia for all sectors, with the goal of achieving financial reporting that is clear, objective and comparable, balancing user needs and preparer costs for public sector entities.

  

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Audit Office of New South Wales

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

Organisation Event Involvement Date
Institute of Public Administration, Australia (IPAA) State Conference 2018 Attendance 16 May 2018
Department of Premier and Cabinet (DPC) NSW Leadership Academy Presentation 10 May 2018
Parliament of NSW – Legislative Council Presentation to the Public Accountability Committee on the operations of the Audit Office of New South Wales Presentation 8 May 2018
MinterEllison Women in Government Dinner Attendance 3 May 2018
Parliament of NSW – Legislative Assembly Presentation to the Public Accounts Committee Presentation 3 May 2018
Whitlam Institute, NSW State Archives and Records and Western Sydney University Official opening of the Blaze: Working Women, Public Leaders exhibition by the Premier of NSW Attendance 23 April 2018
Audit Office of New South Wales NSW Auditor-General Update for Local Government Audit, Risk and Improvement Committee Chairs Presentation 20 April 2018
Australasian Council of Auditors-General (ACAG) and Canadian Council of Legislative Auditors (CCOLA) Performance Audit Symposium 2018 Presentation and attendance 9–11 April 2018
Parliament of NSW – Legislative Council Introduction and presentation to the Public Accountability Committee on the operations of the Audit Office of New South Wales Presentation 28 March 2018

 

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Auditor-General’s reports to Parliament

Report Type of report Report date
Performance audit insights–key findings from 2014–2018 Special Report 29 June 2018
Regulation of water pollution in drinking water catchments and illegal disposal of waste Performance Audit 28 June 2018
Assessment of the use of a training program Special Report 27 June 2018
Fraud controls in local councils Performance Audit 22 June 2018
Shared services in local government Performance Audit 21 June 2018
Universities 2017 audits Financial Audit 8 June 2018
HealthRoster benefits realisation Performance Audit 7 June 2018
Regional assistance programs Performance Audit 17 May 2018
Grants to non-government schools Performance Audit 3 May 2018
Managing risks in the NSW public sector: risk culture and capability Performance Audit 23 April 2018
Report on Local Government 2017 Financial Audit 20 April 2018

 

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Accounting update

Australian update – Australian Accounting Standards Board (AASB)

Topics discussed included:

AASB Meeting Highlights – 10 May 2018

  • Revised Conceptual Framework – Reporting Entity/Special Purpose Reporting
  • IASB ED/2018/1 Accounting Policy Changes
  • Revenue from Licences in the Public Sector

AASB Meeting Highlights – 23 March 2018

  • Australian Financial Reporting Framework
  • Social Benefits
  • Amendments to Standards
  • ASIC Update
  • Key Management Remuneration Reporting – Literature Review
  • Mine Restoration Provisions

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

Name Type of document Publication date
Applying the IASB’s Revised Conceptual Framework and Solving the Reporting Entity and Special Purpose Financial Statement Problems Consultation paper 12 June 2018
AASB Discussion Paper: Improving Financial Reporting for Australian Public Sector* Discussion paper June 2018
New compilations for reporting periods beginning on or after 1 January 2018 Accounting standards 17 May 2018
AASB Standard-setting frameworks finalised for both for-profit and not-for-profit entities News 9 May 2018
AASB Research Report No 6: Financial Reporting Requirements Applicable to Australian Public Sector Entities* Research report 2 May 2018
ED 285 Account Policy Changes – April 2018 – comments were due by 27 June 2018 Exposure draft 5 April 2018
AASB Staff Paper: Comparison of Standards for Smaller Entities Staff paper April 2018
AASB 2018-2 Amendments to Australian Accounting Standards – Plan Amendment, Curtailment or Settlement makes amendments to AASB 119 Employee Benefits – effective for annual reporting periods beginning on or after 1 January 2019 Accounting Standards 23 March 2018

 

* For more information, please refer to Hot Topics

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International update – International Accounting Standards Board (IASB)

Topics discussed included:

IASB Meeting Highlights – 22-23 May 2018

  • Primary Financial Statements
  • Disclosure Initiative –Targeted Standards-level Review of Disclosures
  • Business Combinations under Common Control
  • Rate-regulated Activities
  • Goodwill and Impairment
  • Implementation 
  • Insurance Contracts

IASB Meeting Highlights – 24-25 April 2018

  • Primary Financial Statements
  • Business Combinations under Common Control
  • Goodwill and Impairment
  • Dynamic Risk Management
  • Disclosure Initiative
  • Implementation.

Latest news from the IASB included:

Name Publication date
The IASB issued IFRS 17 Insurance Contracts. This new IFRS Standard replaces the requirements for accounting for insurance contracts in IFRS 4 Insurance Contracts from 1 January 2021. 10 April 2018

The IASB issued a revised version of its Conceptual Framework for Financial Reporting. The revised Conceptual Framework includes:

  • a new chapter on measurement
  • guidance on reporting financial performance
  • improved definitions and guidance – in particular the definition of a liability
  • clarifications in important areas, such as the roles of stewardship, prudence and measurement uncertainty in financial reporting.
29 March 2018

 

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International update – International Financial Reporting Standards (IFRS) Foundation

Latest news from the IFRS Foundation included:

Name Publication date
The IFRS Foundation published a document to accompany Exposure Draft Accounting Policy Changes (Proposed amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors). It provides an overview of the proposed amendments to IAS 8 and its intended application in practice. 11 May 2018

 

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

Recent news from the IPSASB included:

Name Publication date
Webinar: Presentation of Amalgamations in IPSAS 40 15 March 2018

IPSASB has recently issued:

Name Publication date
IPSASB Staff Questions and Answers on State-Owned Enterprises 30 May 2018
Exposure Draft 65, Improvements to IPSAS, 2018 16 April 2018

 

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Auditing update

Australian update – Auditing and Assurance Standards Board (AUASB)

Topics discussed included:

AUASB Meeting Highlights – 17-18 April 2018

  • Audit Quality Plan Update
  • International Matters
  • AUASB Technical Matters

Latest news from the AUASB included:

Name Publication date
AUASB reissues ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements 12 April 2018
CA ANZ Perspective article: Improving transparency of the auditor’s work performed on ‘Other Information’ 10 April 2018
AUASB Submission to the Monitoring Group 19 February 2018

 

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

Topics discussed included:

IAASB Meeting Highlights – 22 May 2018

  • ISA 315 (Revised)

IAASB Meeting Highlights – 24 April 2018

  • ISA 540 (Revised)

IAASB Meeting Highlights – 18 April 2018

  • Strategy Stakeholder Survey

IAASB Meeting Highlights – 12-16 March 2018

  • Accounting Estimates
  • Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
  • Agreed-Upon Procedures (AUP)
  • Quality Control at the Firm Level
  • Emerging External Reporting (EER)
  • Professional Skepticism
  • Strategy and Work Plan 2020-2023

 
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Ethics update

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

Topics discussed included:

APESB Meeting Highlights – 22 March 2018

  • 2018 Issues Register for APESB Pronouncements
  • Proposed Exposure Draft for APES 110 Code of Ethics for Professional Accountants
  • Revision of Long Association provisions of the Code
  • Project Plan to update the APESB Suite of Pronouncements
  • Revision of APES 225 Valuation Services
  • Proposed revision of APES 220 Taxation Services
  • International and other activities
  • Project update: APES GN 30 Outsourced Services
  • Proposed revision: APES 310 Client Monies

Latest news and media releases from the APESB included:

Name Publication date
Restructured Australian Code for accountants proposed 11 May 2018
Professional standard for accountants handling Client Monies enhanced 7 May 2018
Proposed revisions to APES 220 Taxation Services 17 April 2018
APESB issues amendments to the Audit Partner rotation requirements in Australia 6 April 2018
APESB issues revised APES 225 Valuation Services 28 March 2018

 

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

Topics discussed included:

IESBA Meeting Highlights – 4 May 2018

  • Professional Skepticism

IESBA Meeting Highlights – 23 April 2018

  • Revisions to the Code Pertaining to the Offering and Accepting of Inducements

Latest publications from the IESBA included:

Name Publication date
Global Ethics Board Consults on Professional Skepticism – comments are due by 15 August 2018 14 May 2018
Consultation Paper, Proposed Strategy and Work Plan, 2019-2023 – comments are due by 16 July 2018 16 April 2018
Final Pronouncement - The Restructured Code 9 April 2018

 

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NSW Treasury

NSW Treasury documents and resources

NSW Treasury has recently released:

Name Publication date
TC18-11 Industrial Relations–Notional Salary 2018–19 27 June 2018
TPP18-03 NSW Government Foreign Exchange Risk Policy 27 June 2018
TC18-10 Accounting for Superannuation 15 June 2018
TC18-09 Industrial Relations - Crown Employees (Public Sector – Salaries 2018) Award 13 June 2018
TC18-08 Goods and Services Tax (GST) treatment of certain government taxes, fees and charges (Division 81 of the GST Act) 1 June 2018
TC18-07 Machinery of government changes - Goods and Services Tax and Fringe Benefits Tax 29 May 2018
TC18-06 Agency guidelines for the 2017-18 Mandatory Annual Returns to Treasury* 29 May 2018
TC18-05 AASB 16 Leases Transition Elections* 24 May 2018
Review of Payroll Tax Administration Consultation Guide – feedback and submissions are due by 6 July 2018 23 May 2018
TC18-04 Extension of the NSW Government Cash and Banking Services Contract* 15 May 2018
Overview on AASB 9 Financial Instruments* 15 May 2018
TC18-03 Program Evaluation 24 April 2018
TRP18-01 Interstate Comparison of Taxes 2017-18 20 April 2018
TC18-02 NSW Fraud and Corruption Control Policy* 6 April 2018

 

* For more information, please refer to Hot topics

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Department of Premier and Cabinet

Ministerial memoranda and Department circulars

DPC released the following circular:

Name Publication date
C2018-01 Registration and management of domain names ending in nsw.gov.au 1 February 2018

 

 

 

 

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NSW Procurement Board

Directions and procurement alerts

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

Name Type Publication date
Changes to whole-of-government Facilities Management (Maintenance and Cleaning) contracts Procurement alert 6 June 2018
New whole-of-government Aboriginal Procurement Policy Procurement alert 17 May 2018
PBD-2018-01-Engagement of professional services suppliers Direction 16 May 2018
A freeze on signing Microsoft agreements with resellers Procurement alert 9 May 2018
New Commonwealth laws to impact whole-of-government construction contracts Procurement alert 4 May 2018
Roll out of framework for the Performance and Management Services (PMS) Prequalification Scheme Procurement alert 16 April 2018
New Affordable Housing Provider Scheme Procurement alert 23 February 2018

 

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Public Accounts Committee

Inquiries and reports

Inquiries and Reports tabled in NSW Parliament included:

Name Type Publication date
Examination of the Auditor-General’s Performance Audit Reports October 2016 – May 2017 Inquiry  21 June 2018
Examination of the Auditor-General’s Performance Audit Reports February 2016 – September 2016 Report 19 June 2018
Examination of the Auditor-General’s Performance Audit Reports July 2015 – January 2016 Government Response 12 March 2018

 


 


 

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Public Accountability Committee

Inquiries and reports

Inquiries and Reports tabled in NSW Parliament included:

Name Type Publication date
Impact of the WestConnex project Inquiry 21 June 2018
Impact of the CBD and South East Light Rail Project Inquiry 22 May 2018
Scrutiny of public accountability in New South Wales Inquiry 8 May 2018

 


 


 

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Office of Local Government (OLG)

Recent publications released:

Name Publication date
18-18 2018/19 Determination of the Local Government Remuneration Tribunal 13 June 2018
18-17 End of Year Financial Reporting 2017-18* 7 June 2018
Big drop in complaints against new councils 4 June 2018
18-15 Commencement of the Crown Land Management Act 2016 1 June 2018
18-14 Auditor General’s report to Parliament on the 2016-17 financial audits of NSW Councils 22 May 2018
Ministerial Media Release – NSW Councils Join Forces to Create Network of Joint Organisations 15 May 2018
18-10 Final Code of Accounting Practice and Financial Reporting (update 26)* 18 April 2018
Low cost loans for councils 18 April 2018
18-08 Information about Rating 2018-19 20 March 2018

 


 

* For more information, please refer to Hot topics

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Australian Securities and Investments Commission (ASIC)

Recent speeches included:

Name Publication date
Reinforcing culture in a climate of low trust 7 June 2018
ASIC update: Informing and engaging shareholders 7 June 2018
A matter of trust: Aligning public, corporate and regulator expectations 21 May 2018
Keynote speech: A new era for conduct regulation in Australia 11 April 2018
Rebuilding trust – a conduct regulator’s perspective 5 April 2018
Essential legal and regulatory update 13 March 2018

Recent media releases included:

Name Publication date
18-171MR ASIC implements financial benchmark regulatory regime 12 June 2018
18-159MR Major changes affecting reported net assets and profit, and other focuses for 30 June 2018 reporting 31 May 2018
18-145MR Scammers turn up the heat on Australian investors 21 May 2018
18-144MR ASIC and RBA welcome the new BBSW calculation methodology 21 May 2018
18-084MR ASIC releases updated guidance on company reinstatements 26 March 2018

 


 

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

Recent media releases included:

Name Publication date
Donations to charity continue to grow, new ACNC research finds 24 May 2018
Grant-making charities provide more than $4 billion annually, new report finds 14 March 2018

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Australasian Council of Auditors-General (ACAG) submissions to AASB

ACAG recently made submissions on:

Name Submission date
AASB ED 285 Accounting Policy Changes 29 June 2018
IPSASB Proposed Strategy and Work Plan 2019-2023 15 June 2018
IPSASB ED 63 Social Benefits 31 March 2018
AASB ED 284 Recent Standards – Reduced Disclosure Requirements 31 March 2018
AASB ED 283 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Public Sector Licensors 31 March 2018

 

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Publications by Australian and New Zealand Audit Offices

Australian National Audit Office (ANAO)

Publication date

Cyber Resilience 28 June 2018
Efficiency of Veterans Service Delivery by the Department of Veterans’ Affairs 27 June 2018
The Design, Implementation and Monitoring of Health's Savings Measures 27 June 2018
Primary Healthcare Grants under the Indigenous Australians’ Health Program 26 June 2018
Senate Order for Departmental and Entity Contracts (Financial Year 2016–17 Compliance) 25 June 2018
Compliance with Foreign Investment Obligations for Residential Real Estate 19 June 2018
Interim Report on Key Financial Controls of Major Entities 14 June 2018
Management of the National Collections 13 June 2018
The Integration of the Department of Immigration and Border Protection and the Australian Customs and Border Protection Service 6 June 2018
Insights from reports tabled January to March 2018 6 June 2018
Defence’s Management of Sustainment Products–Health Materiel and Combat Rations 29 May 2018
Domestic Passenger Screening–Follow-Up 29 May 2018
Effectiveness of Monitoring and Payment Arrangements under National Partnership Agreements 24 May 2018
Efficiency through Contestability Programme 21 May 2018
Achieving Value for Money from the Fair Entitlements Guarantee Recovery Program 15 May 2018
Naval Construction Programs–Mobilisation 14 May 2018
Mitigating Insider Threats through Personnel Security 11 May 2018
Commonwealth Auditors General Group e-newsletter (Issue 1–April 2018) 4 May 2018
Australian Broadcasting Corporation–Complaints Management 3 May 2018
The Auditor-General's annual audit work program 26 April 2018
Corporate Planning in the Australian Public Sector 2017–18 23 April 2018
Management of Special Appropriations 17 April 2018
Defence’s Implementation of the First Principles Review 17 April 2018
Implementation of the Annual Performance Statements Requirements 2016–17 28 March 2018
Insights from reports tabled October to December 2017 23 March 2018

Australian Capital Territory Audit Office (ACT AO)

Publication date

Five ACT public schools' engagement with Aboriginal and Torres Strait Islander students, families and community 28 June 2018
Physical security 31 May 2018
ACT clubs’ community contributions 27 April 2018

Queensland Audit Office (QAO)

Publication date

Managing local government rates and charges (Report 17: 2017–18) 28 June 2018
Follow-up of Managing water quality in Great Barrier Reef catchments (Report 16: 2017–18) 26 June 2018
Education: 2016–17 results of financial audits 16 May 2018
The National Disability Insurance Scheme 3 May 2018
Local government entities: 2016–17 results of financial audits 22 March 2018

South Australian Auditor-General’s Department (SA AGD)

Publication date

Supplementary Report for the year ended 30 June 2017: Consolidated Financial Report review: May 2018 29 May 2018
Supplementary Report of the Auditor-General for the year ended 30 June 2017: New Royal Adelaide Hospital: March 2018 3 May 2018

Tasmanian Audit Office (TAS AO)

Publication date

Report No 9 2017-18 – Volume 4 – State entities 30 June and 31 December 2017 12 June 2018
Report No 8 2017-18 – Follow up of selected Auditor-General reports March 2015 to May 2015 24 May 2018

Victorian Auditor-General’s Office (VAGO)

Publication date

The Victorian Government ICT Dashboard 20 June 2018
Follow Up of Selected 2012–13 and 2013–14 Performance Audits 20 June 2018
Community Health Program 6 June 2018
Annual Plan 2018–19 6 June 2018
Results of 2017 Audits: Universities 23 May 2018
Results of 2017 Audits: Technical and Further Education Institutes 23 May 2018
Assessing Benefits from the Regional Rail Link Project 10 May 2018
Maintaining the Mental Health of Child Protection Practitioners 10 May 2018
Protecting Victoria's Coastal Assets 29 March 2018
Fraud and Corruption Control 29 March 2018
Safety and Cost Effectiveness of Private Prisons 29 March 2018

Western Australia Office of the Auditor-General (WA OAG)

Publication date

Management of Crown Land Site Contamination 27 June 2018
Timely Payment of Suppliers 13 June 2018
WA Schools Public Private Partnership Project 13 June 2018
Opinions on Ministerial Notifications 24 May 2018
Management of the State Art Collection 17 May 2018
Management of Salinity 16 May 2018
Controls Over Corporate Credit Cards 9 May 2018
Management of Contract Extensions and Variations 8 May 2018
Audit Results Report – Annual 2017 Financial Audits 8 May 2018
Confiscation of the Proceeds of Crime 3 May 2018
Opinions on Ministerial Notifications 11 April 2018
Opinion on Ministerial Notification 21 March 2018

New Zealand Office of the Auditor-General (NZ OAG)

Publication date

Data in the public sector June 2018
Annual plan 2018/19 21 June 2018
Health sector: Results of the 2016/17 audits 21 June 2018
Port companies: matters arising from our 2016/17 audits 19 June 2018
Digital access to information and services: Learning from examples 14 June 2018
Main matters arising from the 2016/17 audits of district health boards 25 May 2018
Observations from our 2016/17 central government audits 16 May 2018
Monitoring how water is used for irrigation 2 May 2018
How the Overseas Investment Office uses information 5 April 2018
Local government: Results of the 2016/17 audits 26 March 2018
Inland Revenue Department: Procurement for the Business Transformation programme 12 March 2018

 

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Other useful resources

Independent Commission Against Corruption (ICAC)

Recent media releases included:

Report Publication date
ICAC brings anti-corruption training and messages to Western NSW 23 May 2018
ICAC public inquiry into allegations concerning Corrective Services NSW officers assault of prisoner 3 May 2018
ICAC public inquiry into allegations concerning the former Canterbury City Council 26 March 2018
NSW ICAC to appoint Chief Executive Officer 21 March 2018

 

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Independent Pricing & Regulatory Tribunal (IPART)

IPART has released the following information/fact sheets:

Report Industry Type of document Publication date
Fact Sheet – NSW councils special variation and minimum rate applications for 2018-19 Local Government Fact sheet 15 May 2018
Annual Compliance Report 2016-17 Energy Compliance Report 22 March 2018
Final decisions on our 2018 WACC method Special Reviews Fact sheet 20 February 2018
IPART's asset disposals policy – for water businesses Water Policy 20 February 2018

 

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