The Auditor-General undertakes a financial audit of the State of Victoria's Annual Financial Report (AFR) in accordance with section 9A of the Audit Act 1994.
A qualified audit opinion was provided on the AFR on 30 October 2015, indicating that there are transactions and balances within the statements which the Auditor-General has determined are not accurate, and some which are not supported by sufficient appropriate evidence.
This report informs Parliament and the citizens of Victoria about the financial outcomes and position of the State of Victoria as at 30 June 2015. It does that by analysing and discussing the Annual Financial Report of the State of Victoria, 2014–15 (the AFR), which was transmitted to Parliament by the Treasurer on 4 November 2015, and tabled in Parliament on 10 November 2015. Figure 1A outlines the structure and contents of this report.
Figure 1A
Report structure
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Dr Peter Frost Acting Auditor-General |
Audit team Simone Bohan—Engagement Leader Helen Grube—Team Leader Engagement Quality Control Reviewer Tim Maxfield |
Ordered to be published
VICTORIAN GOVERNMENT PRINTER November 2015
PP No 107, Session 2014–15
In accordance with section 16(3) of the Audit Act 1994, a copy of this report, or part of this report, was provided to Department of Treasury and Finance, the Department of Economic Development, Jobs, Transport & Resources, VicRoads and Public Transport Victoria.
The submissions and comments provided are not subject to audit nor the evidentiary standards required to reach an audit conclusion. Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.
Responses were received as follows:
This Part examines whether the High Value High Risk (HVHR) process has been effectively applied to the Cranbourne Pakenham Rail Corridor project (Cranbourne Pakenham) to provide rigorous and comprehensive advice to government about whether and how to proceed.
This Part examines whether the High Value High Risk (HVHR) process has been effectively applied to the CityLink Tulla Widening project (CityLink Tulla) to provide rigorous and comprehensive advice to government about whether and how the proposal should proceed.
This Part examines whether the Department of Treasury and Finance (DTF) has adequately responded to VAGO's June 2014 recommendation to advise government on including unsolicited proposals in the High Value High Risk (HVHR) process.