Black & White papers

Tertiary education institutions: Focus for 2010 audit

This paper outlines our focus for the audits of tertiary education institutions (TEIs) for the year ending 31 December 2010. The paper also provides a short summary of some of the key risks identified in the 2009 financial year audits and how they will affect the next audit round.

Budget 2010 - Effect on deferred tax calculations

This paper explains the changes required to the deferred tax balance disclosed in the financial statements as a result of the reduction in company tax rates and the removal of tax depreciation on buildings.

Asset management

Public sector services are underpinned by a complex infrastructure of assets. These need to be managed so that services delivered by and through assets are effective and efficient.

Performance management

Effective performance management is critical to the success of a well-run public entity. Responding to an organisation’s actual performance can improve outcomes.

Payments for hurt and humiliation

Over the last few years, the tax treatment of payments for hurt and humiliation has become an area of focus for Inland Revenue, with many public sector entities receiving amended PAYE assessments.