The Public Accounts Committee has appointed a Reviewer to examine the auditing practices and standards of the Auditor-General and determine whether the Auditor-General is complying with those
practices and standards in the carrying out of the Auditor-General's functions under the Act.
The
Committee will also inquire into the efficiency and effectiveness of the Audit Office of NSW.
In
particular, the Inquiry will focus on:
- Whether the Audit Office of NSW provides value for money financial audit services, in
comparison with the services and fees of similar organisations;
- Whether the Performance Audits conducted by the Audit Office provide value for money by
meeting their objectives and contributing to improved accountability by government agencies
within New South Wales;
- Whether the process of selecting topics for performance and compliance audits is based on
robust methodology;
Whether the selection of agencies for compliance audit is robust and based on a consideration
of the particular risks of that agency;
- Whether the Audit Office has adequate resources to carry out its functions; and
- The effectiveness of the Audit Office's communication with clients, particularly in relation to
establishing a joint understanding of expected audit fees, the scope of performance and
compliance programs, and the provision of advice.
