Annual report

Our annual report summarises our performance, operations and business highlights for each financial year. It contains our financial statements, including the opinion of the independent external auditor and complies with the Financial Accountability Act 2009, Financial and Performance Management Standard 2019, and the detailed requirements set out in the Annual report requirements for Queensland Government agencies.

Annual report 2020–21

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Transparency report

Our focus is to deliver quality audits with insightful impacts that meet the expectations and regulatory requirements of our clients. To demonstrate our commitment to audit quality, we have prepared a transparency report for 2020‒21 to provide insights into the way we audit and apply our internal practices. This transparency report covers the audits we delivered in the financial year ended 30 June 2021. It explains our quality program and results, how we seek to improve our audit and assurance practices, and describes our internal quality systems.

Transparency report 2020–21

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Performance statement

Our strategic plan includes indicators of achievement that help us identify to what extent we are achieving our strategic objectives. 

Each year we review and refine our performance measures and targets, challenging ourselves to improve the way we engage with our clients and deliver our services. 

We also monitor our progress on an ongoing basis and report on our key performance measures in our annual report.

 

Financial statements

Our certified financial statements are included in our annual report. Our financial statements provide details of our financial position and performance. This statement reports against the budget and target information contained in our Service Delivery Statement.

 

Service Delivery Statements

Our Service Delivery Statement describes our role, the services we provide, and details of our financial budget and operational performance measures and targets. It is available through the Queensland Government Budget website under the portfolio for the Department of the Premier and Cabinet.

 

Charge out rates

The Treasurer has approved the following charge out rates for the QAO:

Position 

Current rate per hour from 1 October 2021 ($) Approved rate per hour from 1 October 2022 ($)
Deputy/Assistant Auditor-General (SES) 242 248
Director/Senior Director (SO2/SO3) 214 220
Director (SO1) 206 211
Senior Manager (AO8/PO6) 198 203
Audit Manager (AO7/PO5) 178 183
Assistant Manager (AO6/PO4) 164 168
Audit Senior (AO5) 144 147
Auditor (AO4) 127 130
Auditor (AO3) 109 111
Auditor (AO2) 94 97

The audit fee we charge our clients for audits conducted by QAO staff is based on recovering the operating costs associated with performing the audit.