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This month's featured article
Key management personnel remuneration – getting it right
Public sector entities must disclose the total remuneration they pay to key management personnel (KMP). Here are some practical tips to help you understand what to include and how to classify it in your disclosures.
Recent posts
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.
In some shape or form, a belief in better public services has been a cornerstone for QAO over the past 160 years. In recent times, it’s been an articulated part of our vision. And I’ve been proud to be part of that for the past 40 years.
Our Annual report 2020–21 tabled in parliament yesterday, 30 September 2021. You can read our annual report here.
The hot topic for this financial year appears to be the implications of the IFRS Interpretations Committee’s (IFRIC’s) agenda decision Configuration or Customisation Costs in a Cloud Computing Arrangement (April 2021)1.
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.
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.