Victorian Consolidated Legislation

Audit Act 1994 - SECT 8

PART 3 PUBLIC SECTOR AUDITS AND REPORTS

Audit of authorities

8. Audit of authorities



(1) The financial statements of each authority must from time to time and at
least once in each year be audited by the Auditor-General.



(2) The Auditor-General may dispense with all or any part of an audit of the
financial statements of an authority in any year.

(3) The Auditor-General may audit any report of operations of an authority
under section 45 of the Financial Management Act 1994 to determine whether any
performance indicators in the report of operations-

   (a)  are relevant to any stated objectives of the authority; and

   (b)  are appropriate for the assessment of the authority's actual
        performance; and

   (c)  fairly represent the authority's actual performance.