Source: https://oag.parliament.nz/2007/cg-2005-06
Timestamp: 2020-07-04 01:57:44
Document Index: 711711283

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 8', 'art 3', 'art 9', 'art 10', 'art 11', 'art 12']

Introduction Central government: Results of the 2005/06 audits. https://oag.parliament.nz/2007/cg-2005-06 https://oag.parliament.nz/@@site-logo/logo.png
This report serves two broad purposes:
It constitutes our "annual report" on the 2005/06 audits of the Government reporting entity and its subentities – mainly as reflected in the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2006 (the Government financial statements), parliamentary paper B.11 2006.
It brings to attention a number of other matters (related both directly and indirectly to events occurring in the financial year 2005/06) that we believe warrant consideration by Parliament.
Part 1 (pages 7-18) deals with the Government financial statements as audited and presented to the House. It discusses the significant matters arising from the 2005/06 audit.
Part 2 (pages 19-24) deals with the results of our audits of government departments for the year ended 30 June 2006. We include our usual:
discussion of the audit opinions we issued on departments' financial reports; and
assessments of departments' financial and service performance management, and this year note the progress made over the 13-year period that we have applied this framework.
Part 3 (pages 25-29) deals with changes we have made to our reporting to entities, Ministers, and select committees. These changes reflect our new framework for assessing departments' financial and service performance management.
Part 4 (pages 31-45) sets out details of the non-standard audit reports we issued during the period 1 January 2006 to 31 December 2006 on the annual financial reports of entities that are part of the Government reporting entity. We also report on non-standard audit reports issued on the annual financial reports of school boards of trustees.
Part 5 (pages 47-54) outlines the effect of the Public Audit Act 2001 – in particular, the identification of new public entities under the test for "control".
Part 6 (pages 55-61) outlines the public finance principles relating to the "Controller" function, summarises the unappropriated expenditure for 2005/06, and reports on some of the issues we have considered over the year.
Part 7 (pages 63-75) assesses the progress made by the Ministry of Education in reducing the incidence of unlawful expenditure by schools, which is a matter that we have reported on twice before.
Part 8 (pages 77-80) describes the work we intend to undertake in 2007/08 on service performance reporting by departments and most Crown entities, and explains how this work relates to the changes we have made to our reporting explained in Part 3.
Part 9 (pages 81-88) provides an update on progress made by the central government sector towards the transition to New Zealand equivalents to International Financial Reporting Standards.
Part 10 (pages 89-100) discusses the use of derivative financial instruments in central government.
Part 11 (pages 101-112) discusses the legislation and policy frameworks, and the activity by central and local government, relating to hazardous waste management.
Part 12 (pages 113-123) provides an overview of the Defence Sustainability Initiative, including its background, objectives, and governance, and discusses the current progress towards achieving its objectives.