Our unmodified opinion provides reasonable assurance that the financial performance and position of the State of Victoria, and within that the general government sector (GGS), as reported in the 2021–22 Annual Financial Report of the State of Victoria (AFR), are reliable.
We issued clear opinions on 25 of the 28 material entities’ financial reports.
Click the link below to download a PDF copy of Appendix G. Data sources used in this review.
Click the link below to download a PDF copy of Appendix F. Gateway reviews of completed HVHR major projects.
Click the link below to download a PDF copy of Appendix E. Entities’ self-assessments.
Click the link below to download a PDF copy of Appendix D. Reasons why projects change.
Click the link below to download a PDF copy of Appendix C. About this assurance review.
Click the link below to download a PDF copy of Appendix B. Acronyms, abbreviations and glossary.
Click the link below to download a PDF copy of Appendix A. Submissions and comments.
We surveyed 13 entities to get information on how 102 major projects (with a TEI of $100 million or more) are performing against their expected cost, timeframes and scope.
This includes 11 new projects, 82 existing projects and 9 completed projects that are collectively worth $99.8 billion.
This chapter explores changes to these projects' cost, time and scope to date.
We collected information on each project’s key documents, such as business cases and benefits management plans.