Victorian Consolidated Legislation

Audit Act 1994 - SECT 7B

Annual report

7B. Annual report



(1) As soon as practicable after the end of each financial year, the
Auditor-General must-

   (a)  prepare a report of the operations of the Victorian Auditor-General's
        Office during the financial year that complies with subsection (2);
        and

   (b)  prepare financial statements for the financial year that comply with
        subsection (3) and give them to the independent auditor for auditing;
        and

   (c)  cause the report of operations and audited financial statements to be
        transmitted to each House of the Parliament.

(2) The report of operations must-

   (a)  comply with section 48 of the Financial Management Act 1994 and
        directions under that Act that apply to reports of operations of
        departments, except to the extent determined by the Parliamentary
        Committee under section 7C; and

   (b)  include an account of the implementation of the annual plan required
        under section 7A; and

   (c)  include the names of any persons to whom, during the financial year,
        the Auditor-General has delegated the power to make a report under
        section 9; and

   (d)  include details of any resolutions of the Parliamentary Committee
        under section 7C in respect of the report of operations and the
        disallowance of any such resolutions; and

   (e)  summarise the quality control policies and procedures that were in
        place in the Victorian Auditor-General's Office for the financial
        year; and

   (f)  summarise any additional auditing standards that the Auditor-General
        has applied under section 13(3) to the conduct of audits during the
        financial year.

(3) The financial statements must-

   (a)  comply with section 49 of the Financial Management Act 1994 and
        directions under that Act that apply to financial statements of
        departments, except to the extent determined by the Parliamentary
        Committee under section 7C; and

   (b)  include details of any resolutions of the Parliamentary Committee
        under section 7C in respect of the financial statements and the
        disallowance of any such resolutions.