Victorian Auditor-General's Office

6 Internal controls

At a glance

Background

This Part presents the results of our review of the procurement practices and financial policies and delegations in the technical and further education (TAFE) sector.

Conclusion

Overall we found that documented policies and clear financial delegations had been established across the TAFE sector. Controls over procurement were generally adequate, but improvements could still be made in documenting the key integrity activities that underpin a tender process.

5 Financial sustainability

At a glance

Background

To be financially sustainable, entities need to be able to meet current and future expenditure as it falls due. They also need to absorb foreseeable changes and risks, and adapt their revenue and expenditure policies to address changes in their operating environment. This Part provides an insight into the financial sustainability of technical and further education (TAFE) institutes based on an analysis of the trends in their key financial indicators over the past five years.

3 Performance reporting

At a glance

Background

This Part covers the results of the 2013 audits of performance statements for the 14 technical and further education (TAFE) institutes, four dual-sector universities and one associated entity that are required to include an audited statement of performance in their annual report.

1 Background

1.1 Introduction

Historically the results of audits of universities and technical and further education (TAFE) institutes were presented in one report, the Tertiary Education and Other Entities: Results of Audits report.

Appendix A. Audit Act 1994 section 16—submissions and comments

Introduction

In accordance with section 16(3) of the Audit Act 1994, a copy of this report was provided to:

  • Department of Treasury and Finance
  • Department of Transport, Planning and Local Infrastructure
  • Department of Health
  • VicRoads
  • 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.

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