Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
10Certificates and assurance
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10 Certificates and assurance
Guide to this section
The purpose of this section is to set out what official signed assurances must be submitted or attached with a reporting entity’s financial statements.
These assurances include a signed audit report and a signed statement by the accountable authority and the Chief Financial/Finance Officer (CFO) (or equivalent, whomever is responsible for the preparation of the financial statements) of the entity.
For corporate Commonwealth entities, a member of the accountable authority may sign on behalf of the accountable authority (if the accountable authority is a board then not all board members are required to sign off on the statement, an authorised single board member can sign on behalf of the board).
Each reporting entity must present a statement signed by the accountable authority of the entity or a member of the accountable authority of the entity (if the accountable authority is not an individual), and the CFO of the entity, stating: (a) whether the financial statements, in their opinion, comply with subsection 42(2) of the PGPA Act; (b) whether the financial statements, in their opinion, have been prepared based on properly maintained financial records as per subsection 41(2) of the PGPA Act; (c) for reporting entities other than the Reserve Bank of Australia, whether, in their opinion, there are, when the statement is made, reasonable grounds to believe that the entity will be able to pay its debts as and when they fall due; (d) when additional information is included in the notes to comply with subsection 42(2) of the PGPA Act, the reasons for including this additional information and the location of the additional notes in the financial statements; (e) the particulars of any exemptions of this rule applied by the reporting entity; (f) for corporate Commonwealth entities, that the statement has been made in accordance with a resolution of the members of the accountable authority; and (g) the date on which the statement is made.