In 2013–14, Queensland’s state public sector—comprising 21 portfolio departments and 464 agencies — delivered services and goods to benefit the public, including schools, hospitals, roads, parks and many more community initiatives.

To demonstrate their accountability in managing public money on behalf of the Queensland community, all state public sector entities must report on their finances and have them audited.

In this report we discuss the status and nature of the audit opinions we issue; comment on the timeliness and quality of financial reporting; and explain how we assessed the significant financial transactions and estimates disclosed by state public sector entities.