Queensland public sector entities, including local governments, occasionally make ex-gratia payments, sometimes called special payments, to terminated employees and third parties.

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.

The Queensland Audit Office (QAO’s) financial statement maturity model helps entities identify strengths and improvement opportunities in their financial reporting processes.

Risk management has never been more important than it is now.

One of the biggest issues we find when entities engage contractors and consultants, particularly for long-term contracts, is it’s often unclear if the contract delivered all that was intended.

When it comes to performance monitoring, early planning is essential to set yourself up for success.

One of the biggest risks when an entity engages a contractor or consultant is the outsourced project or service costing more than first anticipated.

Measuring, monitoring, and reporting performance is essential to the success of any organisation.

Financial statements are a key accountability document for public sector entities. They provide parliament and members of the public with important information about the operations and financial performance of public sector entities.

In this blog, we summarise Queensland Treasury’s major changes in their financial reporting requirements (FRRs) for this year.