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© LIBERO v6.4.1sp240618
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Education 2022 / New South Wales. Audit Office.
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Catalogue Record 21760
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Catalogue Record 21760
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Details
Record Number
21760
Corporate Author
New South Wales. Audit Office.
Title
Education 2022 / New South Wales. Audit Office. [ElectronicResource]
Published
Sydney : Audit Office, 2022.
Collation
21 pages [PDF]
Summary Note
"What the key issues were. Annual fair value assessments of land and buildings showed material differences in their carrying values. As a result, the Department of Education and the TAFE Commission completed desktop revaluations of land and buildings, collectively increasing the value of these assets by $1.2 billion and $4.7 billion respectively. The Department of Education and the NSW Education Standards Authority accepted changes to their office leasing arrangements managed by Property NSW. These changes resulted in the collective derecognition of $270.6 million of right-of-use assets and $382.9 million in lease liabilities." - Publisher website.
Subject
Education
-- New South Wales.
Finance, Public -- New South Wales -- Auditing
Internet Site
https://www.audit.nsw.gov.au/our-work/reports/education-2022
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