Finance 1988–89: The Treasurer's Statement for the year ended 30 June 1989 and the Report of the Auditor-General
Overview
Section 46 of the Audit Act requires the Treasurer, not later than three months after the end of the financial year, to prepare a detailed statement of the receipts into, and expenditure from, the Consolidated Fund and the Trust Fund in the financial year and to transmit it to the Auditor-General. The Audit Act relates to the financial administration of moneys coming into the hands of the Government; the collection, management and expenditure of, and the subsequent accounting for, these moneys, public property and other property. It covers the audit of public accounts, including departmental accounts and the reporting to Parliament by the Auditor-General on the Treasurer's Statement. Continuing the practice introduced in 1986, all amounts defined in the Treasurer's Statement are expressed in $'000.
The Report of the Auditor-General on the Treasurer's statement for the year ended 30 June 1989 contains summary of major audit observations, need for modern audit legislation in Victoria, review of the Treasurer's Statement, matters of special interest, status of matters raised in previous reports on the Treasurer's Statement.