❓ A WA parliamentary question addresses the late submission of the Office of Energy's financial statements and seeks reasons and corrective actions. The Minister acknowledges resource limitations but highlights improved statement quality and planned resource allocation.
AnsweredQoN 3282Legislative 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. An Agency under the Minister’s portfolios listed as being received later than the date agreed with Audit in Appendix 1: Summary of Audit Opinions is the Office of Energy, 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 Energy
Response time
34 days
Office of Energy
(1) Limited resources were available to undertake the preparation of the financial statements in 2009-10. While the submission of the statements was not in accord with the date initially agreed, the Office of Energy was commended by the Office of the Auditor General for the improved quality of the statements presented for audit in 2009-10. The improvements made resulted in a reduction in audit fees proposed by the Office of the Auditor General in undertaking the 2010-11 audit of the Office of Energy's financial statements.
(2) Additional resources have been planned for the preparation of the 2010-11 financial statements.
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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(1) Limited resources were available to undertake the preparation of the financial statements in 2009-10. While the submission of the statements was not in accord with the date initially agreed, the Office of Energy was commended by the Office of the Auditor General for the improved quality of the statements presented for audit in 2009-10. The improvements made resulted in a reduction in audit fees proposed by the Office of the Auditor General in undertaking the 2010-11 audit of the Office of Energy's financial statements.
(2) Additional resources have been planned for the preparation of the 2010-11 financial statements.
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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