Survey of Financial Audit clients
In 2015–16, the Chief Financial Officers of
356 agencies subject to a financial audit by VAGO were invited to
participate in a survey and 295 responded, a response rate of 83
VAGO seeks feedback in three areas—audit
process, audit reporting and audit value. The overall score is an
average of the result for these three areas.
Overall the results were positive. However,
there was a slight decline in the audit process area in
2015–16 aggregate performance indices
with historical comparisons
Clients acknowledge the professionalism,
skills and knowledge of VAGO staff. Areas that clients would
like VAGO to focus on for improvement include:
- continuity of auditors
- timely conduct of the audit
- auditors responsiveness
Consistent with audit process results, clients
indicated that VAGO can improve on the timeliness of the
Auditor-General's audit opinion and the issuing of management
They agree that through our management letters we clearly
communicate the audit findings and issues.
The majority of clients agree that they place
value on the assurance they obtain from VAGO’s statutory audit.
An area for improvement continues to be the
usefulness of VAGO's annual reports to Parliament. VAGO will pursue
ways to improve the usefulness of these reports.
Last updated on 3/03/2017