31386 paragraphs found
When considering requesting direct confirmations, the public sector auditor considers that there may be circumstances where such confirmations may not be forthcoming. For …
MOG changes may occur at any time, often with little or no notice. As a result, the government of the day will not generally provide direct confirmation that nothing is likely to change in relation to financial backing or future …
A State or Australian Territory Government may also not be in a position to provide such confirmations as it may itself be highly dependent on, for example, GST funding with no control over changes to the distribution of the GST …
Legislation may contain specific provisions that a government will not guarantee the debts or operations of, for example, a Public Corporation. In these circumstances, a central government department or other government agency will not be in a position to …
In circumstances where the public sector entity’s continued use of the going concern basis of accounting is dependent on, for example, a letter of financial support, which the entity and/or public sector auditor was able to secure, the auditor exercises …
whether the entity providing the letter of support has the authority to provide the support; …
whether the letter of support has been signed by a person with appropriate delegated authority to provide such support; …
whether the entity or entities that will be providing the support have the ability to cover the obligations of the entity receiving the …