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Education 2022 / New South Wales. Audit Office.

Catalogue Information
Field name	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
Subject	Finance, Public -- New South Wales -- Auditing
Internet Site	https://www.audit.nsw.gov.au/our-work/reports/education-2022

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