Appendix B. Completed audit listing
Metropolitan hospitals and associated entities
(a) At the date of this report, the financial audit of this entity was not complete and was not included as part of the statutory time frame metric.
Appendix A. VAGO reports on the results of financial audits
This report is second of six reports to be presented to Parliament covering the results of our audits of public sector financial reports. The reports are outlined in Figure A1.
Figure A1
VAGO reports on the results of the 2011–12 financial audits
Report |
Description |
|---|---|
Auditor-General’s Report on the Annual Financial Report of the State of Victoria, 2011–12 |
5 Internal controls
At a glance
Background
Effective internal controls enable entities to meet their financial and governance objectives and deliver reliable, accurate and timely financial reports. This Part presents the results of our assessment of general internal controls and controls over audit committees, capital projects and self-generated revenue.
4 Financial sustainability
At a glance
Background
To be financially sustainable, entities need to be able to meet current and future expenditure as it falls due. They also need the ability to absorb foreseeable changes and materialising risks without significantly changing their revenue and expenditure policies. This Part provides our insight into the financial sustainability of public hospitals based on our analysis of the trends in key financial indicators over a five-year period.
3 Financial results
At a glance
Background
Accrual-based financial statements enable an assessment of whether public hospitals are generating sufficient surpluses from operations to maintain services, fund asset maintenance and retire debt.
This Part analyses the financial results of Victoria’s public hospitals and their associated entities for the year-ended 30 June 2012.
Findings
The combined financial results for public hospitals in 2011–12 included:
2 Audit opinions and quality of reporting
At a glance
Background
Independent audit opinions add credibility to financial reports by providing reasonable assurance that the information reported is reliable. The quality of an entity’s reporting can be measured by the timeliness and accuracy of the preparation of the reports. This Part covers the results of the 2011–12 audits of the 87 public hospitals and their 26 associated entities. It also compares financial reporting practices in 2011–12 against better practice, legislated time lines and 2010–11 performance.
1 Background
1.1 Introduction
Public hospitals provide a range of services across metropolitan, regional and rural areas. Metropolitan and regional public hospitals largely provide acute health services, as well as a mix of mental health, subacute, community health services and aged care programs. Rural public hospitals generally offer a higher proportion of aged care and community health services.
This report includes the results of the financial audits of 87 Victorian public hospitals and their 26 associated entities, as set out in Figure 1A.
Audit summary
This report presents the results of our financial audits of 113 entities within the public hospital sector, comprising 87 public hospitals and 26 associated entities. It provides a detailed analysis of public hospital financial reporting, financial results, financial sustainability and internal controls. It informs Parliament about significant issues arising from the audits and complements the assurance provided through individual audit opinions included in the entities’ annual reports.
Public Hospitals: Results of the 2011–12 Audits: Message
Ordered to be printed
VICTORIAN GOVERNMENT PRINTER November 2012
PP No 193, Session 2010–12
Public Hospitals: Results of the 2011–12 Audits
Body
This report covers the results of the financial audits of 113 entities within the public hospital sector, comprising 87 public hospitals and the 26 entities they control.