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Title: Education 2022 /New South Wales. Audit Office. [ElectronicResource] Corporate Author: New South Wales. Audit Office.. Subject: Education -- New South Wales. Finance, Public -- New South Wales -- Auditing. 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. Electronic Location & Access: https://www.audit.nsw.gov.au/our-work/reports/education-2022 ------------------------------ *** There are no holdings for this record *** -----------------------------------------------