The Auditor-General provides this report to the Parliament of Victoria as required under section 57 of the Audit Act 1994. It contains matters we judge as significant and which arise from the audit and pertain to either the effective and efficient management of public resources or the keeping of proper accounts and records.
Click the link below to download a PDF copy of Appendix A. Submissions and comments.
DTF implemented effective internal controls to support the preparation of a complete and accurate AFR.
The internal control framework of VicTrack was not adequate. The internal control frameworks of the other material entities were generally adequate to support their preparation of complete and accurate financial reports. However, some entities need to strengthen some internal controls to ensure their financial reports remain reliable.
The financial performance and position of the state deteriorated significantly in 2020–21.
This year the state made an operating loss of $18.3 billion (compared to $9.0 billion in 2019–20) and had net operating cash outflows of $9.3 billion ($375 million net inflows in 2019–20). This was largely a result of increased costs incurred by the GGS responding to the COVID-19 pandemic.
Our unmodified opinion provides reasonable assurance that the financial performance and position of the state of Victoria, and within that the general government sector,
as reported in the 2020–21 AFR, is reliable.
The separate financial statements of 24 of the 26 material entities (entities that contribute most to the consolidated financial results in the AFR) are also reliable. We identified material errors in the financial statements of VicTrack, but they were corrected on consolidation into the AFR.
| Who we audited | What we assessed | What the audit cost |
|---|---|---|
| DELWP, DET, DHHS (DFFH and DH), DJCS, DJPR, DoT, DPC, DTF and HSV | We assessed whether:
|
| Acronyms | |
|---|---|
| CIP | critical incident procurement |
| DELWP | Department of Environment, Land, Water and Planning |
| DET | Department of Education and Training |
| DFFH | Department of Families, Fairness and Housing |
Click the link below to download a PDF copy of Appendix A. Submissions and comments.
Although DTF collects COVID-19 spend data from departments, it is not actively monitoring this. Without central oversight, it is difficult to understand how well the state is managing its overall COVID-19 spend.