Governments often need to make decisions and implement policies in a rapidly evolving environment, such as when responding to natural disasters or other economic and environmental crises. The urgency of the COVID-19 pandemic is a similar example.

Financial statements are prepared at a point in time, so the relevance of the information they contain reduces the longer it takes for entities to publish them.

Many entities have experienced difficulties with supply chains and accessing specialised labour due to ongoing global events.

The standard AASB 16 Leases is now in its second year of operation for public sector entities. In this article, we cover a brief update on some specific accounting issues that you may not have dealt with on transition.

The day-to-day operations of public sector entities are getting busier all the time and changes to everyday activities can be seen as disruptive.

This year, we worked with state government entities and some larger local governments as they undertook an initial self-assessment of their financial statement preparation processes using the maturity model on our

In our recent Auditor-General’s insights report on audit committees in state government entities, we highlight the importance of audit committees and how they can catalyse better governance.

Many people worked from home on a full-time basis due to the COVID-19 pandemic, and are now able to start returning to their workplaces. However, these workplaces are not the same environments they left.

Queensland Treasury Financial Reporting Requirements (FRRs) for 2019–20 are available on Queensland Treasury’s website: www.treasury