Performance reporting by Public Financial Corporations
Overview
With the exception of the water and TAFE sectors, there is no requirement for public sector agencies to produce audited performance statements and there are no mandated performance reporting standards
The objective of this audit was to assess whether the public financial corporations reporting of performance information is relevant, appropriate and fairly presented.
The report examined performance reporting by seven state-owned finance and insurance agencies. These agencies largely manage the state’s financial risks. They controlled assets and liabilities totalling approximately $39 billion at 30 June 2007.