Public Governance, Performance and Accountability Act 2013
As soon as practicable after receiving the annual consolidated financial statements under section 48 , the Auditor-General must: (a) examine the statements and prepare an audit report; and (b) give a copy of the report to the Finance Minister as soon as practicable after it is prepared.
49(2)
In the audit report, the Auditor-General must state whether, in the Auditor-General ' s opinion, the annual consolidated financial statements: (a) comply with the accounting standards and any other requirements prescribed by the rules; and (b) present fairly the consolidated financial position, financial performance and cash flows.
If the Auditor-General is not of that opinion, the Auditor-General must state the reasons.
49(3)
If the Auditor-General is of the opinion that a failure of the annual consolidated financial statements to comply with: (a) the accounting standards; or (b) any other requirements prescribed by the rules;
has a quantifiable financial effect, then the Auditor-General must quantify that financial effect and state the amount, where practicable.
49(4)
The Finance Minister must cause a copy of the audit report to be tabled in each House of the Parliament as soon as practicable after receipt. The copy that is tabled must be accompanied by a copy of the annual consolidated financial statements.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
