In Victoria, there are eight public universities, which control a further 47 entities that we are required to audit.
Each year, we conduct the financial audits of these 55 entities. This report outlines the results of these financial audits and our observations for the year ended 31 December 2018.
We also comment on the financial performance and sustainability of the sector and discuss the significant upcoming changes in accounting standards that will impact the universities’ financial reporting.
We have developed a data dashboard, an interactive visualisation tool summarising the financial statement data for all Victorian universities.