Mr Gee told The Daily Advertiser he is still waiting to see the report by independent auditors at KPMG, after it was completed last week.

Despite this, Mr Gee said discussions with university executive this week "reveal that the KPMG review, commissioned by CSU, does not cover the full scope agreed to by the University Council in its resolution on an audit".

In August, Mr Gee took a swipe at the university demanding it implement an "open and transparent audit of [its] financial performance and financial position".

The university then commissioned KPMG to look through its 'sustainable futures' cost-cutting measures to determine the future of the institution.

Last Wednesday, the university announced the review had found "structural financial issues" contributing to the university's pre-pandemic financial situation.

Mr Gee told The Daily Advertiser this week that the "issues that I have become aware of [at CSU] over recent months concern me greatly".

"The community concern about what's happening at CSU is continuing," Mr Gee said.

"A report has been prepared by KPMG but I have not yet been provided with a copy of it.

"I therefore wasn't able to form an opinion as to the extent to which CSU is getting its house in order."

Mr Gee said he had impressed on the university the need to provide the federal government "with a full copy of the review prepared by KPMG into the university", saying this was one of the stipulations agreed upon by the university.

"This is a positive development because provision of this report to the Australian government is what was provided for in the University Council's resolution, and I would expect the University to adhere to this," Mr Gee said.

"As minister for regional education, I am now awaiting delivery of the KPMG review to the Australian Government, including its findings and recommendations, and will continue my discussion with CSU after I have received it."

Mr Gee acknowledge the success of the institution would be "vital to regional communities across NSW".

"This is why it is important that students, staff, the communities which CSU serves and the Australian Government are provided with a full, open and transparent audit," he said.

"We need assurances about the future of the University and we also need to get a full picture of what's going on because there's a lot of taxpayer money at stake here and accountability is crucial, especially in the face of planned staff redundancies."

A spokesperson for the university told The Daily Advertiser the decision to release the report would be made at the next University Council.

"The full KPMG report will be discussed in detail by our University Council at its next meeting on 30 September, and it will be the University Council who determines next steps from there," the spokesperson said.

"We're sharing the review findings with our stakeholders across our regions and the outcomes have been positively received.

"The review findings provide assurance that Charles Sturt University is on track to return to a balanced budget by the end of 2021."