audit

Commonwealth entities and companies have periodic requirements for audits:

    • annual financial statements for Commonwealth entities must be audited by the Auditor-General in accordance with sections 42 and 43 of the PGPA Act
    • annual financial statements for subsidiaries of Commonwealth entities must be audited by the Auditor-General in accordance with sections 44 of the PGPA Act
    • the Finance Minister or responsible minister may request the Auditor-General to audit annual performance statements for Commonwealth entities in accordance with section 43 of the PGPA Act
    • Commonwealth companies must provide their auditor's report to the responsible minister in accordance with section 97 of the PGPA Act
Related glossary terms: 

Last updated: 10 November 2017