Financial statement audit reports
The ANAO conducts financial statement audits each year to express an opinion on whether financial statements of Australian Government entities have been prepared in accordance with the Government’s reporting framework and give a true and fair view (in accordance with applicable Accounting Standards and other mandatory financial reporting requirements), of the financial position of each entity and the results of the entities’ operations and cash flows. The Auditor-General delegates signing responsibility for some financial statement audits to senior ANAO staff.
In addition to the audit opinion on financial statements, we provide each audited entity with a report that deals with the results of the financial statement audit and an assessment of business or accounting processes. A report on the audit is also provided to the responsible Minister.
We also provide two cross-entity assurance reports to the Parliament each year comprising the audit of the financial statements of Australian Government entities and the interim financial statement audits. These two reports are discussed below.