The Audit Act 1994 (the Act) requires that an independed financial auditor be appointed for a period of three years to conduct annual financial audits of the Victorian Auditor-General's Office (VAGO). The Public Accounts and Estimates Committee (the Committee) is responsible under the Act for recommending, to both Houses of Parliament, the appointment of a suitably qualified person to undertake the financial audit.

"The Audit Act 1994, as amended, requires that an independent financial auditor be appointed in each of the next three financial years, beginning with the year ending 30 June 2016, to conduct annual financial audits of the Victorian Auditor-General's Office (VAGO). The Public Accounts and Estimates Committee ('the Committee') is responsible under the Act for recommending, to both Houses of Parliament, the appointment of a suitably qualified person to undertake the financial audit." --Page 1.