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Auditor-General Report No. 27 of 2002–03
Management of the Commonwealth Guarantees, Warranties, Indemnities and Letters of Comfort
Published
Thursday 30 January 2003
Portfolio
Across Entities
Entity
Across Agency
The audit reviewed the management and recording of guarentees, warranties, indemnities and letters of comfort issued by the Commonwealth and also assessed action taken in the relation to the recommendations from ANAO Audit Report No. 47 1997-98. The objectives of the audit were to assess the extent of:
- improvement in agencies' management and monitoring of the Commonwealth's exposure to these instruments;
- changes in the size and nature of the exposure since 30 June 1997; and
- the approach of agencies to effective risk management and control of Commonwealth exposures to these instruments.