Audit Act 2008
18Auditor-General to be auditor of financial statements of all State entities
Start here
Get a plain-English read of 18
Turn the raw legal text into a practical explanation grounded in Audit Act 2008.
18 Auditor-General to be auditor of financial statements of all State entities
(1) The Auditor-General is to audit the financial statements and any other information submitted by a State entity or an audited subsidiary of a State entity under section 17(1) .
(2) Despite subsection (1) , the Auditor-General may, in respect of a particular financial year, dispense, subject to any conditions that the Auditor-General may determine, with all or any part of the audit of a particular State entity or the audits of State entities included in a category or class of State entity specified by the Auditor-General, if the Auditor-General considers that it is appropriate in the circumstances.
(3) The Auditor-General must consult with the Treasurer before exercising the power conferred by subsection (2) .
(4) The Auditor-General may perform any of the functions and exercise any of the powers of the Auditor-General under this Act in respect of the audit of a State entity notwithstanding that the audit of that State entity has been dispensed with pursuant to subsection (2) .