Victorian Consolidated Legislation

Audit Act 1994 - SECT 3A

Objectives

3A. Objectives



(1) The objectives of this Act are-

   (a)  to determine whether financial statements prepared in the Victorian
        public sector present fairly the financial position and financial
        results of operations of authorities and the State;

   (b)  to determine whether-

   (i)  authorities are achieving their objectives effectively and doing so
        economically and efficiently and in compliance with all relevant Acts;

   (ii) Victorian public sector operations and activities are being performed
        effectively, economically and efficiently and in compliance with all
        relevant Acts;

   (c)  to determine whether financial benefits given by the State or an
        authority to non-government bodies are being applied economically,
        efficiently and effectively for the purposes for which they were
        given;

   (d)  to ensure that the Auditor-General is held accountable for his or her
        performance and the performance of the Victorian Auditor-General's
        Office.

(2) It is the Parliament's intention that, in pursuing these objectives,
regard is had as to whether there has been any wastage of public resources or
any lack of probity or financial prudence in the management or application of
public resources.

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