This Act has two main goals. You will see that it sets up the Controller and Auditor-General as an officer of Parliament. It also changes and restates the rules about checking the finances of public sector organisations.
The Controller and Auditor-General is a special role that helps keep an eye on how public money is spent. You can think of it like a watchdog that makes sure everything is done fairly and correctly. This role is very important for making sure public sector organisations are transparent and accountable.
The law about auditing public sector organisations is being updated and rewritten. This means the rules about how finances are checked and reported are being changed to make them clearer and more effective. You can find more information about what this means for public sector organisations by looking at the rest of this Act.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM88540.
1: Title, or
"The name of this law is the Public Audit Act 2001."
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Treasury.
