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University of Adelaide

Functional responsibility

The University of Adelaide (the University) is established by the University of Adelaide Act 1971.

The University has the objective of advancing learning and knowledge which it achieves through the provision of university education and the conduct of research activities.

Financial statistics
Net operating result: $53 million
Australian Government financial assistance: $496 million
Number of FTEs: 3 862
Number of student (EFTSLs): 21 396

Significant events and transactions

The construction of the University of Adelaide Clinical Centre, located adjacent to the new Royal Adelaide Hospital, commenced in August 2014. The Centre will incorporate new facilities for the University’s Medical and Nursing Schools and a new Dental Clinic. The Centre has a total budgeted construction and fitout cost of $246 million and is planned for completion in semester 1, 2017.

Financial statement opinion

Financial controls opinion
Key issues:
  • Lack of formal policy or procedure for leave monitoring or recording
  • Lack of compliance reviews for cash receipting locations
  • No evidence of review of purchase order segregation of duties report
  • Purchase orders not raised in accordance with accounts payable procedure