Timing for giving annual financial statements to authorised auditor
41 Timing for giving annual financial statements to authorised auditor
This section applies to the annual financial statements for a financial year that—
a department’s accountable officer must prepare and give to the authorised auditor for the department under section 38; or
a statutory body must prepare and give to the authorised auditor for the statutory body under section 39.
The accountable officer or statutory body must give the annual financial statements to the authorised auditor by a day agreed between the accountable officer or statutory body and the authorised auditor.
The day agreed must allow the audit of the annual financial statements, and the report of the authorised auditor about the statements, to be finished no later than 2 months after the end of the financial year to which the statements relate.
Subsection (5) applies if the Treasurer or under-Treasurer believes—
an event that impacts multiple departments, multiple statutory bodies or multiple departments and statutory bodies has happened; and
Example of an event—
a State budget is not presented until the financial year to which it relates
the event makes it impracticable for the accountable officer or statutory body to give the annual financial statements to the authorised auditor by a day that would allow the audit and report to be finished within the period mentioned in subsection (3).
The Treasurer, the under-Treasurer or a nominated officer for this section may, after consulting with the auditor-general, decide a later day by which the accountable officer or statutory body must give the annual financial statements to the authorised auditor.
The later day must allow the audit of the annual financial statements, and the report about the statements, to be finished no later than 6 months after the end of the financial year to which the statements relate.
If the Treasurer, the under-Treasurer or a nominated officer makes a decision under subsection (5), the Treasurer, under-Treasurer or nominated officer must give notice of the decision to the accountable officer or statutory body and the auditor-general.
An accountable officer or statutory body given a notice under subsection (7) must give the annual financial statements to the authorised auditor by the later day stated in the notice.
In this section—
annual financial statements includes first annual financial statements, but does not include final financial statements.
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