In Victoria, there are eight public universities, which control a further 50 entities that we are required to audit. This report outlines the results of our financial audits of these entities and our observations for the year ended 31 December 2017.
We also discuss asset maintenance and management, and comment on the financial sustainability of the sector.
We make one recommendation to universities in this report.
We have developed a data dashboard, an interactive visualisation tool summarising the financial statement data for all Victorian universities.