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University of Adelaide (Uni Adelaide)

Financial statistics
Net operating result: $50 million
Australian Government financial assistance: $500 million
   
Number of FTEs: 3 840
Number of student (EFTSLs): 21 232

Significant events and transactions

Construction of the Adelaide Health and Medical Sciences (AHMS) building commenced in August 2014 and continued throughout 2015. The AHMS building is located next to the new Royal Adelaide Hospital and will incorporate new facilities for Uni Adelaide’s Medical and Nursing Schools and a new dental clinic. The AHMS building has a total budgeted construction and fitout cost of $246 million and is planned for completion by semester 1, 2017.


Financial statement opinion
Unmodified

Financial controls opinion
Modified
Key issues:
  • Bona fide reports were not always checked or certified in accordance with Uni Adelaide’s requirements
  • The certification on bona fide reports required managers to certify that salaries paid to employees listed on the report were reasonable. This was inconsistent with the Bona Fide Review Procedure which required managers to verify the accuracy of salaries
  • Changes to standing data in the payroll system were checked without the use of payroll system reporting, increasing the risk of errors in processing changes going undetected possibly resulting in under or over payments