❓ Hon Donna Faragher asks the Treasurer about actions taken to implement recommendations from a 2003 Auditor-General's report on asset management and leasing. The Treasurer's response outlines several steps taken, including developing guidelines and reviewing financial statements.
AnsweredQoN 3943Legislative Council
QuestionView source ↗
I refer to the Auditor-General’s Report No. 6 of September 2003, and ask -
What action has been taken to implement the Auditor-General’s recommendations?
What action has been taken to implement the Auditor-General’s recommendations?
AnswerView source ↗
Answered
12 September 2006
Responded by
Minister for Education and Training representing the Treasurer
Response time
21 days
· promote greater linkages between agencies asset planning and management with corporate planning processes; · outline processes to manage assets through the life cycle from planning to disposal, including an increased emphasis on maintaining existing assets; · provide a range of guidelines to support agencies in following the process; and · implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
· outline processes to manage assets through the life cycle from planning to disposal, including an increased emphasis on maintaining existing assets; · provide a range of guidelines to support agencies in following the process; and · implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
· provide a range of guidelines to support agencies in following the process; and · implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
· implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
· outline processes to manage assets through the life cycle from planning to disposal, including an increased emphasis on maintaining existing assets; · provide a range of guidelines to support agencies in following the process; and · implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
· provide a range of guidelines to support agencies in following the process; and · implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
· implement new reporting requirements to assist government with the formulation of the annual Capital Works Program. Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
Importantly, the recommendations of the Auditor-General's report on Leasing Government Assets were specifically addressed in developing the SAM Framework's Lease Analysis Guidelines. The Guidelines require agencies to conduct a proper and robust financial assessment of 'lease versus buy' options. In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
In addition, the Department of Treasury and Finance consistently reviews and revises Treasurer's Instructions and model agency financial statements for any changes to accounting standards.
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