2009 OAG sector brief matters
Presentation: TEI sector 2009 audit debriefing.
Accounting and auditing matters
- Compliance with Cabinet Office Fees Framework
- Instances of non-compliance with COFF noted
- COFF applies to TEIs and all subsidiaries
- If in doubt, talk with the State Services Commission
- Disclosure of budget information for TEI subsidiaries
- Required under the Crown Entities Act 2004
- Auditors will require disclosure in 2010 financial statements
- Unusual and large severance payments to employees and KMP
- Principled approach required to reach settlement
- Financial statement disclosure requirements to meet
