Responsibility of public sector entities to achieve their objectives, with regard to reliability of financial reporting, effectiveness and efficiency of operations, compliance with applicable laws, and reporting to interested parties.
Establishing control of an asset, undertaking the risks, and receiving the rights to future benefits, as would be conferred with ownership, in exchange for the cost of acquisition.
This Part provides an update at 30 June 2015 on the following five major projects or significant transactions that impact Victoria—Bendigo Hospital, Victorian Comprehensive Cancer Centre, Regional Rail Link, Ravenhall Prison and the Port of Melbourne lease.
This Part reviews the financial position and performance of the State of Victoria for the financial year ending 30 June 2015.
This Part reviews the financial position and performance of the general government sector for the financial year ending 30 June 2015, and provides a comparison of these results against the 2014–15 State Budget for the same period.
The Auditor-General undertakes a financial audit of the State of Victoria's Annual Financial Report (AFR) in accordance with section 9A of the Audit Act 1994.
A qualified audit opinion was provided on the AFR on 30 October 2015, indicating that there are transactions and balances within the statements which the Auditor-General has determined are not accurate, and some which are not supported by sufficient appropriate evidence.
This report informs Parliament and the citizens of Victoria about the financial outcomes and position of the State of Victoria as at 30 June 2015. It does that by analysing and discussing the Annual Financial Report of the State of Victoria, 2014–15 (the AFR), which was transmitted to Parliament by the Treasurer on 4 November 2015, and tabled in Parliament on 10 November 2015. Figure 1A outlines the structure and contents of this report.
Figure 1A
Report structure
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Dr Peter Frost Acting Auditor-General |
Audit team Simone Bohan—Engagement Leader Helen Grube—Team Leader Engagement Quality Control Reviewer Tim Maxfield |
Ordered to be published
VICTORIAN GOVERNMENT PRINTER November 2015
PP No 107, Session 2014–15
