❓ A parliamentary question regarding the timeliness of financial statement preparation by Dampier, Geraldton, and Port Hedland Port Authorities, and the subsequent response clarifying legislative compliance and planned briefings.
AnsweredQoN 3281Legislative Council
QuestionView source ↗
I refer to the WA Auditor General Audit Results Report Annual 2009-10 Assurance Audits Report 10 Nov 2010, in Section five, ‘Quality and Timeliness of Financial Reporting’, on page 31 where it refers to concern that many agencies with non-complex financial reporting obligations had not prepared their financial statements in a timely manner. Agencies under the Minister’s portfolios listed as being received later than the date agreed with Audit in appendix one: Summary of Audit Opinions are Dampier Port Authority, Geraldton Port Authority, and Port Hedland Port Authority, and I ask -
(1) What is the reason for the financial statements not being prepared in a timely manner?
(2) What action is being taken to rectify current practices in order that satisfactory processes are put in place to ensure financial statements are received by the date agreed?
(1) What is the reason for the financial statements not being prepared in a timely manner?
(2) What action is being taken to rectify current practices in order that satisfactory processes are put in place to ensure financial statements are received by the date agreed?
AnswerView source ↗
Answered
21 March 2011
Responded by
Minister for Finance representing the Minister for Transport
Response time
34 days
The
Department of Transport
advises:
(1) Clause 6 of Schedule 5 of the
Port Authorities Act 1999
requires port authorities to prepare their financial statements before 30 September annually. All documentation was submitted prior to the date set in the Legislation.
(2) Briefings will take place to clarify the definitions used by the Auditor General.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
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Department of Transport
advises:
(1) Clause 6 of Schedule 5 of the
Port Authorities Act 1999
requires port authorities to prepare their financial statements before 30 September annually. All documentation was submitted prior to the date set in the Legislation.
(2) Briefings will take place to clarify the definitions used by the Auditor General.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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