Issues in the Preparation of Public Sector Consolidated Statements

摘要

Issues that have arisen in the preparation of public sector consolidated statements are identified by reference to audit qualifications, by noting items recognized (or not recognized) in different reports, and by consideration of items or treatments that are peculiar to the public sector. Australian governments have agreed to align government financial reports with local interpretations of Government Finance Statistics, and this has secured some standardization of reporting. Suggestions are offered as to how reporting issues might be resolved, by reference to decisions routinely made by stakeholders. Proposals relate to asset and liability identification, the disclosure of details of inter-sector transfers, the disaggregation of reports on expenditure in terms of both line items and policy areas of government; and that these reports be accompanied by performance indicators relating to policy areas.