Auditor-General's comments
![]() John Doyle Auditor-General |
Audit team Chris Sheard—Sector Director Kyley Daykin—Team Leader Vicky Delgos—Analyst Shelly Chua—Analyst |
![]() John Doyle Auditor-General |
Audit team Chris Sheard—Sector Director Kyley Daykin—Team Leader Vicky Delgos—Analyst Shelly Chua—Analyst |
Ordered to be printed
VICTORIAN GOVERNMENT PRINTER February 2014
PP No 297, Session 2010–14
Dear Presiding Officers
In accordance with section 16A and 16(3) of the Audit Act 1994, a copy of this report, or relevant extracts from the report, was provided to the Treasurer and all relevant agencies with a request for submissions or comments.
The submissions and comments provided are not subject to audit nor the evidentiary standards required to reach an audit conclusion. Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.
Responses were received as follows:
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.
The systematic allocation of an intangible asset's capital value as an expense over its expected useful life to take account of normal usage, obsolescence, or the passage of time.
Public sector agencies are required, from time to time, to prepare acquittal statements to certify that money has been spent for the purpose for which it was provided. Typically, these acquittals are prepared for Commonwealth-funded activities or capital works. Acquittal statements can be required to be audited by the Auditor-General, or the Auditor-General can be asked to audit them in accordance with the requirements of a funding agreement.
This Appendix discloses the acquittal statements signed in the 2012–13 financial year.
The indicators used in the financial sustainability analysis (Part 3) are shown in Figure B1.
Figure B1
Four core indicators of financial sustainability
Indicator |
Formula |
Description |
---|---|---|
Underlying result (%) |
Adjusted net surplus / total underlying revenue |
Figure
A1
VAGO reports on the results of the 2012–13 financial audits
Report |
Description |
---|---|
Auditor-General's Report on the Annual Financial Report of the State of Victoria, 2012–13 |
This Part reports on our review of the business continuity and disaster recovery planning in place during 2012–13 at the 11 portfolio departments. It also addresses the shared service entities, CenITex and Business Services Technology, that service a number of the portfolio departments.