[insert date in master slide 1] 1 [insert title (in master slide 1] new zealand’s experience of...
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New Zealand’s experience of the Christchurch earthquakes Image
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24 October, 2011
INTOSAI Working Group AADA
Lyn ProvostController and Auditor General - NZOctober 2011
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• the events
• the impact
• audit implications
Overview
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24 October, 2011
INTOSAI Working Group AADA
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INTOSAI Working Group AADA
Christchurch – where the quakes hit
24 October, 2011
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INTOSAI Working Group AADA
• 4 September 2010 – the first quake
• 26 September 2010 – the aftershock
First quake and aftershocks
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INTOSAI Working Group AADA
• 181 lives lost• 500,000 tonnes of silt• state of emergency in force for 69 days• New Zealand’s costliest
natural disaster• international aid
22 February 2011 – the fatal quake
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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
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INTOSAI Working Group AADA
Earthquake damage: people and property
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Christchurch Central Business District
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INTOSAI Working Group AADA24 October, 2011
Government response
• emergency powers including for expenditure
• cost – $13.6 billion and rising
• evolution of governance/agencies
• new legislation needed after February quake
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Our role
• The New Zealand Auditor-General’s mandate
- financial audit
- performance audit
- inquiry
- controller function
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Our audit staff• 40 staff in
Christchurch
• office in the CBD Red Zone, so relocated
• no IT infrastructure
• resilient attitude
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Our office in Christchurch
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Ongoing funding implications • sheer scale• private sector funding
• insurance• messy and complex
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Big dollars, strong powers• Key audit risks:
Lack of:
- coordination
- right action
- robust and appropriate process
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INTOSAI Working Group AADA24 October, 2011
Business as usual…
…when there is no business as usual
• Auditing impact
- accountability exemptions
- accounting impacts
- new decision making processes
- relevant and timely
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Auditor-General reflections
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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