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Tuesday, 8 November 1983
Page: 2383

EXPENDITURE IN EXCESS OF THE GOVERNOR-GENERAL'S WARRANT

The Auditor-General noted that payments in 1980-81 from the Commonwealth Public Account, charged to the Consolidated Revenue Fund under a special appropriation provided by the States Grants (Tertiary Assistance) Act 1978 had exceeded by $5, 100,372 the amount specified in the warrants of the Governor-General. Although expenditure in excess of appropriation was not involved, a further warrant should have been obtained from the Governor-General before moneys were withdrawn from the Commonwealth Public Account for the purposes of the appropriation.

CLOSING OF ACCOUNTS AT YEAR END

A major objective of the Department of Finance accounting system is the production of accurate financial statements pursuant to sections 49 and 50 of the Audit Act 1901. In this context the closing of accounts at year end is an important process. An important audit objective of the closing of accounts procedures is to provide as assurance that the receipts and payments of the financial year are reflected in the annual financial statements. In this regard the Auditor-General considered that the incidence and variety of deficiencies disclosed in 1980-81 suggest that adherence to the closing of accounts directions is inadequate in some departments.