Audit Office of NSW, Winner of ARA Report of the Year, Leads by Example
2017 ARA Report of the Year
|Audit Office of New South Wales||Winner||View Report|
|Bridge Housing||Finalist||View Report|
|Eastern Health||Finalist||View Report|
|Sanford Limited||Finalist||View Report|
|Woodside Petroleum||Finalist||View Report|
At the Australasian Reporting Awards Presentation Dinner held at the Park Hyatt in Melbourne on Wednesday, 21 June the Audit Office of New South Wales received the prestigious 2017 ARA Report of the Year, thereby setting a high standard for other public sector organisations to follow. It is notable that the Victorian Auditor General’s Office also entered the 2017 ARA Awards and achieved a Gold Award.
To date the Audit Office has achieved seven consecutive ARA Gold Awards and previously won a Report of the Year Award in 2014.
The ARA judges commented, “This well-structured stakeholder-focussed report contains an analysis of comprehensive five-year data on the operations and performance of the Audit Office. A simple clear, crisp design makes the report easy to read and to navigate through.”
The Audit Office of NSW is the independent auditor of financial statements and the use of public money by organisations in the NSW public sector. It reports directly to the NSW parliament on the performance of government organisations and the benefits they provide to the community.
It also seeks to improve the quality of reporting. By achieving the ARA Report of the Year Award the Audit Office has clearly established its right to sit in judgement on the reports of others.
Other organisations in the running for the Report of the Year Award were Bridge Housing, a Sydney charity providing housing for low-income households; Eastern Health, the largest Melbourne metropolitan public health service; Sanford Limited, the largest seafood company in New Zealand, and Woodside Petroleum; the largest independent Australian oil and gas company, recognised globally as an explorer, developer, producer and supplier of energy.
Woodside Petroleum also received accolades for winning the Special Awards for Governance Reporting and Sustainability Reporting and the Joint ARA – Hong Kong Management Association Award for Sustainability Reporting.
In addition, Woodside was one of the three 2017 ARA Awards entrants selected to receive the newly introduced ARA Chair’s Commendation for sustained excellence in reporting over a consecutive 10 year period. Each of these organisations has achieved more than ten consecutive Gold Awards through to 2017.
The recipients of the Chair’s Commendation were the Australasian Broadcasting Corporation (Report of the Year in 2016), Watercare Services from New Zealand, and Woodside Petroleum (Report of the Year in 2015.)
The Australasian Reporting Awards are awards for excellence that were first introduced in 1950 as the Annual Report Awards for the purpose of improving the communication of business information and the standards of financial reporting.
The Awards are now in their 67th consecutive year.
The Awards are designed to enable organisation to benchmark the quality of their annual reports against criteria based on world best practice. Organisations receive a Gold, Silver or Bronze Award (or no award at all) depending on the extent to which they satisfy the ARA criteria. Reports that achieve a Gold Award satisfy all of the criteria and should be model reports for other organisations to follow.
In addition to the benchmarking General Award the Report of the Year and the Special Awards for different aspects of organisational reporting are competitive.
Over the years the scope of the Awards has been extended to include entries from New Zealand and, more recently, to include countries in the Asia Pacific region: Hong Kong, Malaysia and Indonesia. In 2017 entries were also received from India and Russia.
Lists of the Winners of the 2017 ARA Special Awards and the names of the organisations that achieved the Gold Award standard can be found in the menu to the left.