Conflicts of interest are not uncommon on government boards. In fact, they are often a by‑product of appointing directors with the skills, experience, and sector knowledge needed to govern complex public entities. However, the same experience that adds value can also give rise to competing interests – actual, potential, or perceived. The risk for boards is not whether conflicts exist, but how they are managed.

Through our audits of major capital projects, the Queensland Audit Office (QAO) has developed insights to assist our auditors and clients in determining when to start capitalising project costs. This blog shares these insights as a guide and outlines how we will engage with our clients. 

When designed and delivered well, government grants can help achieve important outcomes – from supporting communities and small businesses to encouraging innovation and investment.

Ever wondered how the Queensland Audit Office chooses what to audit? We’ve just published our new 3-year forward work plan, which explains what we are auditing, when, and why.

The Queensland Audit Office’s annual update for clients’ chief financial officers, finance managers, and other staff involved in financial statement preparation is a key part of our engagement program.