2011-12 Financial Statements Process

The Department has a robust quality assurance framework to ensure that the annual financial statements are prepared in accordance with Finance Minister’s Orders and Australian Accounting Standards and provide a true and fair view of the Department’s financial performance.

The Audit Committee has a key role within this framework; they provide independent advice to the Secretary on the preparation and the review of the financial statements. In 2011-12, to assist the Audit Committee with this responsibility, the Department continued the Financial Statements Sub-Committee. The Audit Committee endorsed the annual financial statements prior to signing by the Secretary and Chief Financial Officer.

The Department’s financial statements were audited by the Australian National Audit Office (ANAO).An unmodified audit opinion was issued by the Auditor-General on the 7th September 2012.

Annual Financial Statements signing on 7th September 2012

Back row: Colin Cronin, Assistant Secretary Audit and Fraud Control; Alexey Kostyuk, Office of the Chief Financial Officer; Chris Ramsden, Deputy Chief Financial Officer, Rahul Tejani, ANAO

Front row: Mai Sisourath, Office of the Chief Financial Officer; Anthony Howatson, Office of the Chief Financial Officer; Oliver Winder, Chair of the Audit Committee, Jenny Morison, Chair of the Financial Statements Sub-Committee, Nicole McLay, Chief Financial Officer TGA; Puspa Dash, ANAO

Seated: John Barbeler, Chief Financial Officer; Professor Jane Halton PSM, Secretary; Ian McPhee PSM, Auditor-General, ANAO; Dr John Skerritt, TGA National Manager

prev page | TOC | next page