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Insights: Audit lessons
Insights from Reports Tabled January to March 2018
Published
Wednesday 6 June 2018
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This edition of audit insights covers performance audit reports tabled in the Parliament during the third quarter of 2017-18. The focus is on the key learning that value for money can be significantly enhanced through officials engaged in a procurement ensuring they gain a full understanding of what is being purchased, for what outcome and the market they're operating in.
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Introduction
This edition of audit insights covers those performance audit reports tabled in the Parliament during the third quarter of 2017-18, with a focus on the key learning that value for money can be significantly enhanced through officials engaged in a procurement ensuring they gain a full understanding of what is being purchased, for what outcome and the market they are operating in. Value for money should be considered on a whole of life basis, not just purchase cost. Other audit reports from the 2017-18 program that had relevant insights have also been drawn on.