Audit and Assurance Services
This appropriation is limited to the performance of audit and related assurance services as required or authorised by statute. It provides for audit and related assurance services of smaller organisations, such as cemetery trusts and reserve boards, which are funded by the Crown, rather than by audit fees charged to these organisations.
This appropriation also provides for when costs exceed revenue under the Audit and Assurance Services RDA appropriation. Deficits reported through this appropriation are attributed to the Audit and Assurance Services memorandum account.
Financial performance for Audit and Assurance Services
| Actual 2021/22 $000 | Actual 2020/21 $000 | Main Estimates 2021/22 $000* | Supplementary Estimates 2021/22 $000* | Main Estimates 2022/23 $000* | |
|---|---|---|---|---|---|
| Income | 150 | 150 | 150 | 150 | 150 |
| Expenditure | (5,078) | (150) | (2,150) | (7,131) | (11,626) |
| (Deficit)** | (4,928) | - | (2,000) | (6,981) | (11,476) |
* All Estimates information is unaudited. The figures under Main Estimates 2021/22 reflect the forecasts published in Budget 2021 and in the Office’s 2020/21 annual report, and the figures under Supplementary Estimates 2021/22 reflect the updated forecasts published in Budget 2022.
** Note 15 to the financial statements provides more information about the transfer of surpluses and deficits to and from the Office’s memorandum account.
The table below shows a combined view of the financial performance for the two appropriations.
Combined financial performance for Audit and Assurance Services RDA and Audit and Assurance Services
| Actual 2021/22 $000 | Actual 2020/21 $000 | Main Estimates 2021/22 $000* | Supplementary Estimates 2021/22 $000* | Main Estimates 2022/23 $000* | |
|---|---|---|---|---|---|
| Income from Crown | 150 | 150 | 150 | 150 | 150 |
| Income from third parties | 93,468 | 95,395 | 89,345 | 92,652 | 93,900 |
| Total income | 93,618 | 95,545 | 89,495 | 92,802 | 94,050 |
| Expenditure | (98,546) | (95,161) | (91,495) | (99,783) | (105,526) |
| Surplus/(Deficit)** | (4,928) | 384 | (2,000) | (6,981) | (11,476) |
* All Estimates information is unaudited. The figures under Main Estimates 2021/22 reflect the forecasts published in Budget 2021 and in the Office’s 2020/21 annual report. The figures under Supplementary Estimates 2021/22 reflect the updated forecasts published in Budget 2022.
** Note 15 to the financial statements provides more information about the transfer of surpluses and deficits to and from the Office’s memorandum account.