1. Executive Summary

1.1
The Annual Report of the Joint Committee of Public Accounts and Audit (the Committee) is presented pursuant to Section 8B of the Public Accounts and Audit Committee Act 1951.
1.2
The Committee is one of the oldest of the Parliament, first established in 1913. The Committee is also one of the Parliament’s most autonomous. The Act allows the Committee to initiate its own inquiries, unlike most other parliamentary committees, which receive references from Ministers or a House of the Parliament.
1.3
The Committee’s key work is to oversee the Australian National Audit Office (ANAO), the Public Governance, Performance and Accountability Act 2013(PGPA Act), the Parliamentary Budget Office (PBO), and scrutinise Defence acquisition and sustainment. Further information on the Committee’s role is available in Appendix B.
1.4
In 2017–18, the Committee’s high level of activity carried forward from last year, with eight reports tabled in Parliament that examined matters contained in 16 Auditor-General audit reports.
1.5
As of 30 June 2018, the Committee has nine on-going inquires examining matters contained in 14 Auditor-General audit reports.
1.6
The other activities undertaken by the Committee in 2017-18 included:
Inquiries into Defence Sustainment Expenditure and Major Projects Report
Review of the annual budget of the ANAO
Review of the annual budget and work plan of the PBO
Overseeing the PGPA Act
External engagement
Considering the audit priorities of the Parliament
1.7
The Committee has carried on the tradition of ensuring proper scrutiny of the use of public resources by Commonwealth entities. In this respect, the Committee made 57 recommendations in the reports tabled.
1.8
The Committee has continued its engagement with other Public Accounts Committees from Australian and international jurisdictions.

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