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					Audit Office of NSW                                                                                     Business Classification Scheme 2003


  FUNCTION                                          ACTIVITIES                             TRANSACTIONS
FINANCIAL AUDIT                                   FINANCIAL AUDITS                        T1: Complete AS2 Working Paper Index

Ref No.: 1.0.0                                    Ref No.: 1.1.0                          T2: Undertake Approval in Principle

Date Range: 1983                                  Date Range: 1983                        T3: Send Client Service Plan

Description: Financial audits provide an          Description: The activity of auditing   T4: Send Client Service Report
independent opinion on NSW government             compliance with accounting
agencies' financial reports. They identify        standards, controls, Treasurer's        T5: Receive Correspondence from Agency
whether agencies comply with accounting           Directions, Premier's Directions, and
standards and relevant laws, regulations          the Public Finance and Audit Act and    T6: Send Engagement Letter
and government directions. Additional             other legislation.
financial report audits are undertaken each                                               T7: Issue Independent Audit Report (IAR)
year on the Total State Sector Accounts and
the Statement of the Budget Result.                                                       T8: Issue Management Letter

Financial report audits also highlight                                                    T9: Make Audit Committee notes
opportunities for agencies to improve their
accounting and financial systems.                                                         T10: Send Other Correspondence to Agency

A report on each financial audit is provided to                                           T11: Table Report to Parliament
the Minister responsible for the agency, to the
agency and the Treasurer and to the                                                       T12: Issue Statutory Audit Report
Parliament through the Auditor-General’s
Reports to Parliament.
                                                  REPORT TO PARLIAMENT                    T1: Issue Report to Parliament

                                                  Ref No.: 1.2.0

                                                  Date Range: 1983

                                                  The activity of reporting to
                                                  Parliament




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Audit Office of NSW                                                                                     Business Classification Scheme 2003


 FUNCTION                                          ACTIVITIES                               TRANSACTIONS
PERFORMANCE AUDIT ACTIVITIES                      PERFORMANCE AUDITS                       CREATE WORKING PAPERS…

Ref No.: 2.0.0                                    REF NO: 2.1.0                            T1: Create Running Sheet

Date Range: 1983                                  Date Range: 1983                         T2: Take Minutes

Description: Performance Audits                   Description: The activity of auditing    T3: Produce Correspondence
determine whether an agency is carrying           an agency to ensure it is achieving
out activities efficiently, economically and in   what it sets out to do and whether it    T4: Create Checklist
compliance with the law. These audits may         is applying its resources
review all or part of an agency’s operations.     economically, efficiently and within     T5: Build Timetable
Some audits consider particular issues            the law.
across a number of agencies.                                                               T6: Create Budget

Results of these audits are reported to the                                                T7: Prepare Report
chief executive officer of the agency
concerned, the responsible Minister, the
Treasurer and Parliament.
                                                  REPORT TO PARLIAMENT                     T1: Issue Report to Parliament

                                                  Ref No.: 2.2.0

                                                  Date Range: 1983

                                                  Description: The activity of reporting
                                                  to Parliament the outcome of the
                                                  Audit




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Audit Office of NSW                                                                          Business Classification Scheme 2003


 FUNCTION                                        ACTIVITIES                      TRANSACTIONS
PROTECTED DISCLOSURES                          INVESTIGATION                    CREATE WORKING PAPERS…

Ref No.: 3.0.0                                 REF NO: 3.1.0                    T1: Make Assessment

Date Range: 1994                               Date Range: 1994                 T2: Prepare Correspondence

Description: Under the Protected               Description: The activity of     T3: Examination of Disclosure
Disclosures Act 1994, the Office examines      investigating and reporting on
allegations of serious and substantial waste   allegations
of public money. The Act protects public
officers ['whistleblowers'] when they
identify maladministration, corruption, or
serious and substantial waste. We assess
any allegations of waste in public
authorities other than local government.
                                               REPORT TO PARLIAMENT             T1: Issue Report to Parliament

                                               Ref No.: 3.2.0
                                                                                (it should be noted that the Protected
                                               Date Range: 1983                 Disclosures Act 1994 gives the AG the power
                                                                                to investigate and report as he sees fit)
                                               The activity of reporting to
                                               Parliament




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