Audit and Assurance Services RDA
RDA means revenue-dependent appropriation – the amount of money depends on the audit fees charged for audits of public organisations.
This appropriation is limited to audit and related assurance services as authorised by statute. It provides for audit services to all public organisations (except smaller public organisations, such as cemetery trusts and reserve boards) and other audit-related assurance services. The audit services we provide are funded by audit fees charged to public organisations.
Financial performance for Audit and Assurance Services RDA
| 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 third parties | 93,468 | 95,395 | 89,345 | 92,652 | 93,900 |
| Expenditure | (93,468) | (95,011) | (89,345) | (92,652) | (93,900) |
| Surplus** | - | 384 | - | - | - |
* 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 higher level of actual income and expenditure in 2021/22 compared to the Main Estimates primarily arose because contracted audit service provides completed more work on the audits of public organisations. This additional work was partially offset by a lower level of work completed by Audit New Zealand on audit engagements with a 30 June 2022 balance date because of capacity constraints.
Because this is a revenue-dependent appropriation, expenditure appropriations for this output class are capped at the revenue total for the year. In years where there is a deficit, the remainder of the costs relating to these outputs are reported in the Audit and Assurance Services appropriation.