About this report or communique
Report of the Auditor-General No. 4 of 2023-24: Auditor-General’s Report on the Financial Statements of State Entities, Volume 2, Audit of State entities and audited subsidiaries of State entities 31 December 2022 and 30 June 2023
The Auditor-General has the mandate to carry out the audit of the financial statements of the Treasurer and all Tasmanian State entities and audited subsidiaries of State entities. The aim of a financial audit is to enhance the degree of confidence in the financial statements by expressing an opinion on whether they present fairly*, in all material respects, the financial performance and position of State entities and audited subsidiaries of State entities and were prepared in accordance with the relevant financial reporting framework.
This report updates and completes the information provided in Report of the Auditor General No. 2 of 2023-24: Auditor-General’s report on the financial statements of State entities, Volume 1 – Audit of State entities and audited subsidiaries of State entities 31 December 2022 and 30 June 2023. This second volume contains the findings from all audits completed for the years ended 31 December 2022 and 30 June 2023 together with commentary on the local government sector.
The information provided in this report summarises the financial audits undertaken under section 16 (audit of the financial statements of the Treasurer), section 18 (audit of the financial statements of State entities) and section 21 (audit of the financial statements of audited subsidiaries of State entities) of the Audit Act 2008 (Audit Act). Audits undertaken by arrangement under section 28 of the Audit Act are not included in this report.
This report summarises the outcomes of audits of financial statements of State entities and audited subsidiaries of State entities for the years ended 31 December 2022 and 30 June 2023. This report provides commentary on:
- the timeliness of financial reporting by State entities and audited subsidiaries of State entities
- the completion of audits of financial statements and audit opinions issued
- audits dispensed with
- audit findings
- prior period errors
- audit fees for financial statement audits
- financial analysis of the local government sector
- the audit of all firearms or ammunition disposed of under the Firearms Act 1996 (Firearms Act).
* Give a true and fair view in the case of entities reporting under the Corporations Act 2001.