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.
As cyber attacks continue, cyber risk has become one of the top enterprise-wide risks facing entities. Entities need to remain vigilant and governance committees need to ensure they understand the impact of cyber risk on business strategy.
Most Queensland Government and local government entities revalue their land, buildings, and infrastructure every year. These assets can be highly specialised, geographically dispersed, and made of various components.
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.
There has been an increase in entities across Australia facing payroll and remuneration compliance issues. Some have resulted in material underpayments to staff.
In our recent report on Awarding of sport grants (Report 6: 2020–21), we emphasised the importance of clearly defining the different role
The Public Sector Ethics Act 1994 sets out ethical principles that local governments, statutory bodies, public universities, and departmental employees and their contractors must follow. They include: