This report provides the results of the audit of the Annual Financial Report of the State of Victoria 2008-09.

The initial audit objective of examining whether agencies’ systems, policies and procedures were robust and discouraged fraud was broadened to include agency governance arrangements after the audit found that some boards and management were not complying with agency policies and procedures.

This report covers 123 entities from the Higher Education, Vocational Training, Alpine Resorts, Health, and Community Development sectors. Principally it deals with the audit of public sector entities with financial statement balance dates other than 30 June 2008.

The report summarises the results of financial report audits of 380 public sector entities with 30 June 2008_x000D_ balance dates. The report brings together the results of these audits to provide Parliament with assurance_x000D_ regarding the overall level of accountability and performance of these entities.

The report summarises the results of financial report audits of 380 public sector entities with 30 June 2008_x000D_ balance dates. The report brings together the results of these audits to provide Parliament with assurance_x000D_ regarding the overall level of accountability and performance of these entities.

This report sets out the results of the audit of the State of Victoria’s Annual Financial Report (AFR) for 2007-08. The AFR is incorporated into the Financial Report for the State of Victoria, 2007-08 (the Financial Report), and is a key part of the accountability of the government to Parliament for the management and stewardship of the state’s finances.

The checklist has been designed to assist government agencies to fulfil their obligations under the Public Records Act 1973 and to improve the management of their records. The checklist formed the basis for undertaking the performance audit titled Records Management in the Victorian Public Sector which was tabled in Parliament in March 2008.

This guide and its associated checklists have been designed to assist public sector chief executive officers (CEOs) and senior responsible officers (SROs) to question and assess whether their investments are delivering their intended benefits, resulting in better business and financial value for government and the public.

With the exception of the water and TAFE sectors, there is no requirement for public sector agencies to produce audited performance statements and there are no mandated performance reporting standards._x000D_ The objective of the audit was to assess whether the public financial corporations (PFCs) reporting of performance information is relevant, appropriate and fairly presented.

This report summarises the results of audits of entities with other than 30 June 2007 balance dates, and the status of audits previously reported as incomplete. This report is the last in a series of reports to Parliament on the results of the annual audits of financial statements for Victorian public sector entities. The first report, tabled on 5 December 2007 (Report 2007-08:11) contained the results of audits of state entities with a 30 June balance date. The second report covered local government entities and was tabled on 6 February 2008 (Report 2007-08:12).