PSR Annual Report 2007-08

• Contents
• Letter of Transmittal
• Director’s report
• Agency overview
• Report on performance
• Case descriptions
• Legal cases
• Management and accountability
• Appendix 1 - Financial Statements
  • Auditor's Report
  • Statment by the Director
  • Income Statement
  • Balance Sheet
  • Statement Of Changes In Equity
  • Cash Flow Statement
  • Schedule of Commitments
  • Schedule of Contingencies
  • Note 1: Summary of Significant Accounting Policies
    • 1.1 Objectives of Professional Services Review
    • 1.2 Basis of Preparation of the Financial Report
    • 1.3 Significant Accounting Judgements and Estimates
    • 1.4 Statement of Compliance
    • Other
    • 1.5 Revenue
    • 1.6 Gains
    • 1.7 Transactions with the Government as Owner
    • 1.8 Employee Benefits
    • 1.9 Leases
    • 1.10 Cash
    • 1.11 Financial assets
    • 1.12 Financial Liabilities
    • 1.13 Contingent Liabilities and Contingent Assets
    • 1.14 Acquisition of Assets
    • 1.15 Property, Plant and Equipment
    • 1.16 Intangibles
    • 1.17 Taxation
  • Note 2: Events after the Balance Sheet Date
  • Note 3: Income
  • Note 4: Expenses
  • Note 5: Financial Assets
  • Note 6: Non-Financial Assets
  • Note 7: Payables
  • Note 8: Provisions
  • Note 9: Cash Flow Reconciliation
  • Note 10: Contingent Liabilities and Assets
  • Note 11: Senior Executive Remuneration
  • Note 12: Remuneration of Auditors
  • Note 13: Financial Instruments
  • Note 14: Appropriations
  • Note 15: Reporting of Outcomes
• Appendix 2 - Freedom of information statement
• Glossary
• MBS items
• Compliance index

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Appendix 1 - Financial Statements

Note 1: Summary of Significant Accounting Policies

1.1 Objectives of Professional Services Review

Professional Services Review (PSR) is an Australian Public Service organisation. The objective of PSR, on behalf of the Australian Government, is to protect patients and the community from risks associated with inappropriate practice and the protect the Australian Government from having to meet the costs of services provided as a result of inappropriate practice.

PSR is structured to meet one outcome:

Outcome 1: Australians are protected from meeting the cost and associated risks of inappropriate practices of health service providers.

PSR’s activities contributing towards this outcome are classified as departmental. Departmental activities involve the use of assets, liabilities, revenues and expenses controlled or incurred by PSR in its own right.

The continued existence of PSR in its present form and with its present programs is dependent on Government policy and on continuing appropriations by Parliament for PSR’s administration and programs.

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