This section summarises our key findings. The following sections detail our complete findings, including supporting evidence.
When reaching our conclusions, we consulted with the audited agencies and considered their views. The agencies’ full responses are in Appendix A.
Contractors vs. consultants
Contractors provide work or services for departments.
Download a PDF copy of Appendix G: Acronyms, abbreviations and glossary.
Download a PDF copy of Appendix F: Financial measures and targets.
Download a PDF copy of Appendix E: VicTrack lease arrangements.
Download a PDF copy of Appendix D: Results of material entity audits.
Download a PDF copy of Appendix C: Audit opinion on the AFR.
Download a PDF copy of Appendix B: About this report, the AFR and our financial audits.
Download a PDF copy of Appendix A: Submissions and comments.
In 2020 the former Department of Jobs, Precincts and Regions (the department) had to respond rapidly to implement a large scale grants program to support businesses during the COVID 19 pandemic. This grants program was unprecedented in its experience.
DTF implemented effective internal controls to support the preparation of a complete and accurate AFR.
VicTrack has made significant progress in improving its internal control framework that relates to asset accounting.
The internal control frameworks of the other material entities were adequate to support preparation of complete and accurate financial reports. However, some entities need to strengthen some internal controls to ensure their financial reports remain reliable.