2 Financial reporting

At a glance

Background

This Part covers the results from the 2013 audits of the eight universities and the 56 entities they control. It also compares financial reporting practices in 2013 against better practice, legislated time lines and 2012 performance.

1 Background

1.1 Introduction

Historically the results of audits of universities and technical and further education (TAFE) institutes were presented in one report, the Tertiary Education and Other Entities: Results of Audits report. This year however, for the first time the results will be presented in separate reports: Universities: Results of the 2013 Audits and Technical and Further Education Institutes: Results of the 2013 Audits.