As another 30 June deadline looms, finance professionals across the Queensland public sector are beginning to prepare financial statements for their entities.
Flooding and cyclones in early 2022 and late 2021 have seen disasters declared across more than half of Queensland’s local government areas. This has a significant impact on local communities, businesses, and governments.
With another 31 December financial year ending, finance teams across the state are pulling together financial statements for their entities.
Climate-related risks are an emerging area that may have a direct impact on entities’ financial statements.
Simplifying financial reporting is an ongoing process of change.
Each year financial reporting teams, audit committees and auditors should work together to identify new areas for improvement and focus.
The Queensland Government is developing a new waste management and resource recovery strategy.
The changes being made include the introduction of a waste levy, commencing 1 July 2019.