Annual report for the year ended 30 June 2025

This annual report presents the results from the principal part of our 2024-25 audits. It meets the Auditor‐General’s annual reporting requirement in the Public Finance and Audit Act 1987 (PFAA). Part A is the overview of our 2024-25 work and emerging issues of interest. Part B reports our approach and outcomes for our controls opinion work, and we report on individual agency audits in Part C.

Part A: Executive summary contains the opinions I am required to give under section 36 of the PFAA and identifies any examinations I have performed under section 32. It also summarises the key matters and emerging issues that should, in my opinion, be brought to the attention of the Parliament and the SA Government. It covers:

•    the outcomes of our work on major government projects and assistance packages
•    the key insights from our controls opinion and financial statement audit work and any modified audit opinions the 
      Auditor-General issued
•    an update on the status of a number of issues we raised last year
•    areas of interest for our future audit programs.

Part B: Controls opinion reports the outcomes from our 2024-25 controls work and explains our approach to this work. We focused on several areas of financial management and transaction processing, particularly:

•    procurement and contract management
•    asset management (including the Across Government Facilities Management Arrangements)
•    employment screening checks and ongoing monitoring
•    staff performance management
•    delegations and approvals.

Part C: Agency audits – October 2025 is a summary of the 2024-25 audit outcomes for each agency included in this report. It has more detailed commentary on many of the matters in Parts A and B. The financial statements of the agencies included in this report are published below.

Last year there was a new disclosure requirement added to Treasurer’s Instructions (Accounting Policy Statements) requiring Tier 1 agencies (agencies that apply the full disclosure requirements of Australian Accounting Standards) to report on the value of procurement with South Australian and non-South Australian businesses. We modified the financial audit opinions for 12 Health entities as they did not disclose the value of these procurements in 2024-25. In addition, one agency did not have an effective process to meet this new disclosure requirement.

Without modifying their financial audit opinions, we drew attention to the inherent uncertainty in certain liabilities reported for the Lifetime Support Authority of South Australia and the Return to Work Corporation of South Australia at 
30 June 2025. 

Department for Environment and Water (DEW)
While DEW had provided us with its financial report for the year ended 30 June 2025 in a timely manner consistent with the requirements of the PFAA, at the time of this report our audit of DEW is not complete. The time we need to provide assurance over the accuracy of DEW’s financial statements was beyond what we had available to finalise the audit for inclusion in this report.

We will continue to work with DEW to finalise the audit of its 2024-25 financial statements and we will provide the outcomes of that process to the Parliament once concluded.

 

Financial statements published under section 36(4) of the Public Finance and Audit Act 1987

2024-25 financial statements for the agencies we audit that are not included in the annual report are published on this website progressively, as we finish their audits.