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Appendix I: Acronyms and glossary

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Appendix H: Internal control and financial reporting issues risk ratings

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Appendix G: Unadjusted audit differences

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Appendix F: Financial measure and targets

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Appendix E: Follow-up on other prior-year recommendations

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Appendix D: Results of material entity audits

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Appendix C: Audit report on the AFR

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Appendix B: Our audit approach

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Appendix A: Submissions and comments

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5. Common problems in financial reporting and controls

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Snapshot

Material entities maintain proper accounts and records and have adequate controls to prepare reliable financial reports. VicTrack has resolved its longstanding asset accounting and record-keeping issues. Persistent IT control deficiencies continue to be identified, with remediation efforts not keeping pace with risk.

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Victorian Auditor-General's Office
  • About us
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The Victorian Auditor-General’s Office acknowledges Australian Aboriginal peoples as the traditional custodians of the land throughout Victoria. We pay our respect to all Aboriginal communities, their continuing culture and to Elders past, present and emerging.

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The Victorian Auditor-General’s Office acknowledges Australian Aboriginal peoples as the traditional custodians of the land throughout Victoria. We pay our respect to all Aboriginal communities, their continuing culture and to Elders past, present and emerging.

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