Despite a tribunal finding that the Oppositions election costings did not constitute an audit, the Opposition has today denied that they misled the Australian public when they claimed the opposite.
Opposition finance spokesman Andrew Robb today tried to rewrite history on radio 6PR, stating Opposition treasury spokesman Joe Hockey used audit in a colloquial sense.

Well Joe, I think, used that in a colloquial term. He was on radio and he used audit as a sort of colloquial term, not as it would be interpreted strictly by an accounting association.

This is despite Mr Hockeys statement to ABC AM on 19 August 2010:

You know what if the fifth biggest accounting firm in Australia signs off on our numbers it is a brave person to start saying they're accounting tricks. I tell you it is an audit, this is an audited statement.

We know the Opposition are a shambles when it comes to the economy, but pretending not to understand what an audit is has to take the cake.
This is an Opposition that was found to have a $10.6 billion black hole in their costings at the last election. An Opposition that currently needs to make $70 billion in cuts to balance their books. And now we have an Opposition claiming their costings were audited, when it is clear that they were not.
The two accountants who costed the Oppositions election policies were found by the tribunal to have failed to include a statement that the procedures performed do not constitute either an audit or a review.
The Opposition should stop trying to avoid this fact, admit that their election costings were a sham and commit to properly costing their policies at the next election.
Given their record, the Australian public deserve the right to thoroughly scrutinise the Oppositions policies.