Report 11 : 2012-13
Results of audits: Education sector entities 2012 Download the full report
Tabled in Parliament on 30 April 2013.
Seven universities, eight grammar schools and 24 university controlled entities were required to prepare financial statements in 2012. This report summarises the results of our 2012 financial audits of these entities.
The annual report of each university and grammar school is their primary accountability document to their stakeholders, other funders and users of their services. It sets out their operational and financial performance and position. The annual report is required to include audited financial statements.
In this context, the audit opinion accompanying them provides readers of the financial statements with added assurance that they are reliable.