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New Zealand’s experience of the Christchurch earthquakes

New Zealand’s experience of the Christchurch earthquakes. 24 October, 2011. INTOSAI Working Group AADA. Image here. Lyn Provost Controller and Auditor General - NZ October 2011. Overview. the events the impact audit implications. 24 October, 2011. INTOSAI Working Group AADA.

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New Zealand’s experience of the Christchurch earthquakes

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  1. New Zealand’s experience of the Christchurch earthquakes [insert title (in Master slide 1] 24 October, 2011 INTOSAI Working Group AADA Image here Lyn ProvostController and Auditor General - NZOctober 2011

  2. Overview [insert title (in Master slide 1] • the events • the impact • audit implications 24 October, 2011 INTOSAI Working Group AADA Image here

  3. INTOSAI Working Group AADA Christchurch – where the quakes hit

  4. INTOSAI Working Group AADA First quake and aftershocks • 4 September • 2010 – the • first quake • 26 September • 2010 – the aftershock

  5. INTOSAI Working Group AADA 22 February 2011 – the fatal quake • 181 lives lost • 500,000 tonnes of silt • state of emergency in force • for 69 days • New Zealand’s costliest natural disaster • international aid

  6. INTOSAI Working Group AADA Aftershocks continue............ • 8,300 earthquakes in the Canterbury region since September • 4.2 magnitude • aftershock on six month anniversary of February quake

  7. INTOSAI Working Group AADA Earthquake damage: people and property

  8. [insert title (in Master slide 1] Christchurch Central Business District

  9. INTOSAI Working Group AADA Government response • emergency powers including for expenditure • cost – $13.6 billion and rising • evolution of governance/agencies • new legislation needed after February quake

  10. [insert title (in Master slide 1] Our role • The New Zealand Auditor-General’s mandate • - financial audit • - performance audit • inquiry • controller function

  11. [insert title (in Master slide 1] Our audit staff • 40 staff in Christchurch • office in the CBD Red Zone, so relocated • no IT infrastructure • resilient attitude

  12. [insert title (in Master slide 1] Our office in Christchurch

  13. [insert title (in Master slide 1] Ongoing funding implications • sheer scale • private sector funding • insurance • messy and complex

  14. [insert title (in Master slide 1] Big dollars, strong powers • Key audit risks: • Lack of: • - coordination • right action • robust and appropriate process

  15. INTOSAI Working Group AADA Business as usual… • …when there is no business as usual • Auditing impact - accountability exemptions - accounting impacts - new decision making processes - relevant and timely

  16. Auditor-General reflections [insert title (in Master slide 1] 24 October, 2011 INTOSAI Working Group AADA • People • -look after your own • Financial audits • - authority for expenditure • - new agencies and changing accountability arrangements • - accounting for uncertainty • Performance audits/inquiries • - work in progress Image here

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