sec.40Audit of public sector entities

sec.40 Audit of public sector entities

The auditor-general must— audit the annual financial statements of a public sector entity; and prepare an auditor’s report about the financial statements. For subsection (1) , the auditor-general must apply the general standards set out in the auditor-general’s report mentioned in section 58 . Also, the auditor’s report about the financial statements of a public sector entity that is a department, statutory body or local government must state whether— the auditor-general has received all the information and explanations required by the auditor-general; and the auditor-general considers the prescribed requirements in relation to the establishment and keeping of accounts have been complied with in all material respects. As soon as practicable after the officers have certified the statements and the auditor-general has prepared the auditor’s report about the statements, the auditor-general must give— if the public sector entity is a department— the certified statements and the auditor’s report to the accountable officer of the department; and a copy of the certified statements and the report to the appropriate Minister and the Treasurer; and if the public sector entity is a GOC— the certified statements and the auditor’s report to the chief executive officer of the GOC; and a copy of the certified statements and the report to the appropriate Minister and the Treasurer; and if the public sector entity is a local government— the certified statements and the auditor’s report to the chief executive officer of the local government; and a copy of the certified statements and the report to the mayor of the local government and the appropriate Minister; and if the public sector entity is a statutory body— the certified statements and the auditor’s report to the chief executive officer of the statutory body; and a copy of the certified statements and the report to the appropriate Minister; and if the public sector entity is a controlled entity— the certified statements and the auditor’s report to the chief executive officer of the controlled entity; and a copy of the certified statements and the report to the public sector entity that exercises control over the controlled entity and the appropriate Minister. If the public sector entity is a GOC, or a controlled entity of a GOC, it is enough for subsection (1) if the auditor-general audits the financial statements of the GOC that the GOC is required to provide under the Corporations Act . In this section— annual financial statements includes final financial statements for abolished public sector entities. s 40 amd 2011 No. 24 s 20 (sec.40-ssec.1) The auditor-general must— audit the annual financial statements of a public sector entity; and prepare an auditor’s report about the financial statements. (sec.40-ssec.2) For subsection (1) , the auditor-general must apply the general standards set out in the auditor-general’s report mentioned in section 58 . (sec.40-ssec.3) Also, the auditor’s report about the financial statements of a public sector entity that is a department, statutory body or local government must state whether— the auditor-general has received all the information and explanations required by the auditor-general; and the auditor-general considers the prescribed requirements in relation to the establishment and keeping of accounts have been complied with in all material respects. (sec.40-ssec.4) As soon as practicable after the officers have certified the statements and the auditor-general has prepared the auditor’s report about the statements, the auditor-general must give— if the public sector entity is a department— the certified statements and the auditor’s report to the accountable officer of the department; and a copy of the certified statements and the report to the appropriate Minister and the Treasurer; and if the public sector entity is a GOC— the certified statements and the auditor’s report to the chief executive officer of the GOC; and a copy of the certified statements and the report to the appropriate Minister and the Treasurer; and if the public sector entity is a local government— the certified statements and the auditor’s report to the chief executive officer of the local government; and a copy of the certified statements and the report to the mayor of the local government and the appropriate Minister; and if the public sector entity is a statutory body— the certified statements and the auditor’s report to the chief executive officer of the statutory body; and a copy of the certified statements and the report to the appropriate Minister; and if the public sector entity is a controlled entity— the certified statements and the auditor’s report to the chief executive officer of the controlled entity; and a copy of the certified statements and the report to the public sector entity that exercises control over the controlled entity and the appropriate Minister. (sec.40-ssec.5) If the public sector entity is a GOC, or a controlled entity of a GOC, it is enough for subsection (1) if the auditor-general audits the financial statements of the GOC that the GOC is required to provide under the Corporations Act . (sec.40-ssec.6) In this section— annual financial statements includes final financial statements for abolished public sector entities.