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Adele Ferguson

Scandal-ridden icare faces blowtorch of NSW Auditor-General

Adele FergusonInvestigative journalist and columnist

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The NSW Auditor General and the Audit Office is set to apply the blowtorch to the scandal-ridden $190 billion icare when it examines the country’s biggest workers compensation scheme’s 2020 financial audit.

In a statement to the Australian Financial Review, the Audit Office, which was set up to hold government accountable for its use of public resources, said it was “alert” to the recent media and parliamentary coverage relating to icare and would be applying increased scrutiny of “assumptions, estimates and judgements” to icare's June 30, 2020, financial audit.

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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au

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    Original URL: https://www.afr.com/companies/financial-services/scandal-ridden-icare-faces-blowtorch-of-nsw-auditor-general-20200816-p55m5e