Conclusion

  • Simple aims: assurance that money is well spent, and process is well managed
  • Emphasis is on principle, and fitting it to the practical circumstances
  • We expect entities to think, and have reasons for what they are doing
  • Lots of detailed advice and guidance in the publications (all on www.oag.govt.nz)
  • We will use this framework and the good practice guides as a starting point when auditing or inquiring