AUDITOR GENERAL ACT 2006 - SECT 40
AUDITOR GENERAL ACT 2006 - SECT 40
40 . Audits and opinions on financial statements and related information as to the OAG
(1) The independent
auditor is to audit the financial statements, key performance indicators and
other information submitted by the OAG under the Financial Management Act 2006
section 63(1).
(2) The independent
auditor is to prepare and sign an opinion on an audit carried out under
subsection (1), and is to state whether in the independent auditor’s
opinion —
(a) the
financial statements are based on proper accounts and present fairly the
operating results and cash flows for the period under review and the financial
position at the end of that period; and
(b) the
controls exercised by the OAG are sufficiently adequate to provide reasonable
assurance that the receipt, expenditure and investment of money, the
acquisition and disposal of property and the incurring of liabilities have
been in accordance with legislative provisions; and
(c) the
key performance indicators are relevant and appropriate to assist users to
assess the OAG’s performance and fairly represent indicated performance
for the period under review.
(3) In subsection
(2)(b) —
controls exercised by the OAG means the policies
and procedures that have been established for the governance and management of
the OAG by the Auditor General and other staff of the OAG.
(4) The independent
auditor is to provide the opinion prepared and signed under subsection (2) to
the Auditor General.