This audit would examine the effectiveness of Treasury’s policy framework for concessional loans. The audit would also consider the financial impact of concessional loans on the presentation of the federal budget, the accounting treatment of concessional loans for financial reporting purposes, and their impact on the consolidated financial statements balance sheet.
A concessional loan is a loan provided at more favorable terms than the borrower could obtain in the marketplace. The concession provided may be in the form of lower than market interest rates, longer loan maturity, or grace periods before the payment of the principal or interest.
Work program portfolio
This potential performance audit is featured in 1 annual audit work program portfolio: