Victorian Auditor General’s Office Releases Results of 2016–17 Audits: Water Entities
The Victorian Audit General’s Office (VAGO) tabled the results of the 2016-17 Audit of Water Entities in Parliament on 15 November 2017 (https://tinyurl.com/2016-17-Audits-Water-Entities).
The Audit assessed the sector as financially sustainable. In the longer term, some water authorities will need to consider risks associated with asset renewal/replacement and debt repayment. Key recommendations included: refining the financial reporting process, more focus on performance reporting and assessment of IT control weaknesses for relevant systems. Periscope is pleased to have worked with some of our water quality clients this year in providing a performance reporting software solution that includes the performance reporting parameters identified in the report as well as employee indicators, health and safety indicators, regulatory actions and water reservoir metrics.
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