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What is risk appetite?

Risk appetite is used by organisations to drive decision-making, understand the extent of controls needed to manage risks, and assess how to take advantage of opportunities.

The Queensland Audit Office’s forward work plan is readily available on our website, providing transparency around our audit priorities and the reports we intend to table in parliament over the next 3 years.

Each year, the Queensland Audit Office (QAO) holds an in-person and live-streamed event for all our clients’ chief financial officers, finance managers, and other staff involved in financial statement preparation.

Fraud and corruption risks are pervasive to all organisations, regardless of whether they operate in the public or private sector, or are for-profit or not-for-profit.