The NSW public university sector is in a good financial position, according to these audits of all ten NSW universities’ 2013 financial statements.

Introduction

This report sets out the results of the financial statement audits of the ten NSW universities and their controlled entities for the year ended 31 December 2013. Unqualified audit opinions were issued on all ten universities’ 2013 financial statements. Four modified audit opinions were issued on the 2013 financial statements of controlled entities.

The report also provides Parliament and other users of university financial statements with an analysis of the universities’ results and key observations in the following areas:

• Financial Sustainability
• Financial and Performance Reporting
• Financial Controls
• Governance
• Teaching and Research.