Territory Stories

February 2008 report to the Legislative Assembly

Details:

Title

February 2008 report to the Legislative Assembly

Collection

Report to the Legislative Assembly; Reports; PublicationNT

Date

2008

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Notes

Date:2008-02

Language

English

Subject

Northern Territory. Auditor-General's Office -- Periodicals; Finance, Public -- Northern Territory -- Accounting -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals

Publisher name

Northern Territory Auditor-General's Office

Place of publication

Darwin

ISSN

1323-7128

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/223559

Citation address

https://hdl.handle.net/10070/686148

Page content

Auditor-General for the Northern Territory February 2008 Report 81 Construction Division Audit findings and Analysis of the financial statements for the year ended 30 June 2007 Background Construction Division is responsible for the project management of the Governments capital works, and repairs and maintenance programs. The host Agency during 2006-07 was the Department of Planning and Infrastructure. Audit Opinion The audit of Construction Division for the year ended 30 June 2007 resulted in an unqualified independent audit opinion, which was issued on 8 October 2007. Key issues I have noted that Division improved its system of internal controls during the past year. Management meetings continued to be held each month, the Revenue Working Group met on a regular basis during the year, the eFOS billing system was reconciled to the general ledger on a monthly basis and a reconciliation of consultants expenses as per the AIS to the general ledger was also done on a monthly basis. Several new initiatives were undertaken during the year to enhance the commercial focus of Construction Division. This included the formation of an Audit Working Group to review processes within the Division. Staff training on financial issues was also undertaken during the year. The audit did disclose some instances of payments being made without appropriate authorisation.