How a ‘hard close’ audit can improve quality and bring more of our work forward

In 2024, the Queensland Audit Office (QAO) undertook a ‘hard close’ financial audit with some of our clients.

Financial statements can be difficult to understand for those who don’t have a strong finance or accounting background.

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

A new reporting (and auditing) requirement has been introduced into the Corporations Act 2001 (Corporations Act), affecting public companies from the 30 June 2024 financial year end.

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.

Each year, the Queensland Audit Office (QAO) holds an in-person and live-streamed event for all its clients’ chief finance officers and financial managers.

Departments and statutory bodies, including hospital foundations, are required to comply with Queensland Treasury’s Financial Reporting Requirements for Queensland Government Agencies (FRRs).

For International Women’s Day this year, we share how women’s rights and gender equality have progressed at the Queensland Audit Office (QAO) over time.