Queensland Treasury’s Financial Reporting Requirements for Queensland Government Agencies (FRRs) for 2020–21 are available on Treasury’s website:

The standard AASB 16 Leases is now in its second year of operation for public sector entities. In this article, we cover a brief update on some specific accounting issues that you may not have dealt with on transition.

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.

As our 31 December year-end clients finalise their financial statements, it’s a timely reminder to not make immaterial changes.

Queensland Treasury Financial Reporting Requirements (FRRs) for 2019–20 are available on Queensland Treasury’s website: www.treasury

When is a lease not a lease? When it does not meet the definition of a lease.

Climate-related risks are an emerging area that may have a direct impact on entities’ financial statements.

The key audit matters section of the Independent Auditor’s Report has been introduced.

Queensland Treasury Financial Reporting Requirements (FRRs) for 2018–19 are available on Queensland Treasury’s website: www.tre

The Australian Accounting Standards Board (AASB) is reviewing financial reporting requirements for the public sector.^{1, 2}