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Overview of Crown Reporting Requirements

Variance Reporting

Reporting and commenting on your variances from forecast is an important accountability process. The Treasury relies on your analysis to explain the variances on the consolidated result to the Minister of Finance.

Variance explanations are expected to address the underlying reason for the variance and be of sufficient quality to be used directly in the published accounts.

Entities should refer to Treasury Circular 2007/12 for the variance report template, instructions and variance materiality levels.

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