Audits and opinions on financial statements and related information as to the OAG
40 Audits and opinions on financial statements and related information as to the OAG
The independent auditor is to audit the financial statements, key performance indicators and other information submitted by the OAG under the Financial Management Act 2006 section 63(1).
The independent auditor is to prepare and sign an opinion on an audit carried out under subsection (1), and is to state whether in the independent auditor’s opinion —
the financial statements are based on proper accounts and present fairly the operating results and cash flows for the period under review and the financial position at the end of that period; and
the controls exercised by the OAG are sufficiently adequate to provide reasonable assurance that the receipt, expenditure and investment of money, the acquisition and disposal of property and the incurring of liabilities have been in accordance with legislative provisions; and
the key performance indicators are relevant and appropriate to assist users to assess the OAG’s performance and fairly represent indicated performance for the period under review.
In subsection (2)(b) —
controls exercised by the OAG means the policies and procedures that have been established for the governance and management of the OAG by the Auditor General and other staff of the OAG.
The independent auditor is to provide the opinion prepared and signed under subsection (2) to the Auditor General.
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