New South Wales Auditor-General’s report: financial audit volume fourteen 2014 focusing on trade and investment

17 Dec 2014

Executive Summary


This report sets out the results of the financial statement audits of the Department of Trade and Investment, Regional Infrastructure and Services (DTIRIS) cluster agencies for the year ended 30 June 2014. Unqualified audit opinions were issued on 54 financial statements. One set of financial statements is outstanding and eight audits have not been completed for 30 June 2014. This includes the Water Administration Ministerial Corporation (WAMC) for which a disclaimer of opinion may be issued when the signed financial statements are received. Comment on WAMC and incomplete audits appear later in this report.

Entities in the Cluster

DTIRIS is the State’s lead economic development agency. It achieves results by collaborating with and supporting businesses, industries and communities with respect to investment, trade, innovation, productivity and regional growth across all sectors.

DTIRIS cluster agencies promote trade and investment locally and internationally, providing business support, technical knowledge, and science and research capabilities to industries. They also support the tourism, hospitality, racing and cultural sectors. Agencies work to secure and regulate energy and mineral resources for New South Wales, support food and fibre industries, and encourage natural resource management.

We audited 63 agencies in the DTIRIS cluster. These agencies include nine Electricity and eight Water agencies which were reported on in the NSW Auditor-General’s report to Parliament Volume Five 2014. Two of those 2014 audits are ongoing. Commentary in this volume is on the remaining 46 DTIRIS cluster agencies.

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