The Queensland Government plans to spend billions of dollars on infrastructure projects over the coming years, and with Brisbane recently announced as host city for 2032 Olympic Games, further expenditure is expected.
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.
Appointing the right people to the board of a large government entity ensures it has the right mix of skills needed to implement its strategies.
Many entities have experienced difficulties with supply chains and accessing specialised labour due to ongoing global events.
As another 30 June deadline looms, finance professionals across the Queensland public sector are beginning to prepare financial statements for their entities.
Management reporting is a critical process that gives your entity’s leaders the information they need to make important decisions.
With another 31 December financial year ending, finance teams across the state are pulling together financial statements for their entities.
Queenslanders may not be aware of the role or occurrence of government regulation in their day-to-day lives.
Last year’s hot topic has carried forward to this financial year – the implications of the IFRS Interpretations Committee’s (IFRIC’s) agenda decision Configuration or Customisation Costs in a Cloud Computing Arrangement (April 2021).
Internal controls are the people, systems, and processes that ensure an entity can achieve its objectives, prepare reliable financial reports, and comply with applicable laws.