Auditor-General’s Report Results of 30 June 2004 financial statement and other audits

This report summarises the results of the financial audits undertaken by Auditor General's Office, of agencies with 30 June 2004 balance date. There are some 469 of these agencies, including all government departments, most public bodies and all local government bodies.The report recognises the improvement that occurred in 2004 in the standard and timeliness of financial reporting. It also identifies those areas where further improvement in financial and annual reporting, and in some aspects of financial management, is needed. It further identifies a number of major challenges facing public sector agencies in the next two years, including the transition to new accounting standards and improved reporting of non-financial performance information by agencies.

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