Comprehensive audits : Government stores operations, departmental cash management
Overview
This report covered two audits: an examination of stores management procedures within Government departments and statutory authorities and the efficiency and soundness of cash management by Government departments. The audit of stores identified a need for a significant upgrading in stores management procedures in the Victorian public sector. The audit found that, in general, organisations failed to pay sufficient attention to monitoring and reviewing their stores operations and did not apply modern resource management techniques. In relation to departmental cash management, the audit identified that departmental cash resources had not been adequately managed over a number of years to maximise the net return to the State.