This is my fourth and final report on the central government audits for 2010/11. In December 2011, I published Central Government: Results of the 2010/11 audits (Volume 1) and Education sector: Results of the 2010/11 audits. This year, I complete my reporting with Health sector: Results of the 2010/11 audits and this report, Central Government: Results of the 2010/11 audits (Volume 2).
This fourth report summarises the audit findings for Crown entities other than the education and health sector entities, and for State-owned enterprises. I also comment on the practice of some State-owned enterprises reporting alternative performance measures such as "underlying profit".
Overall, the results for 2010/11 show that Crown entities and State-owned enterprises have generally sound management control environments and financial information systems and controls.