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.

We sometimes assess how effective entities are in monitoring and managing major projects and programs. For example, we may look at how effective an entity is in monitoring progress and managing situations when things don’t go to plan.

Can the International Public Sector Accounting Standard IPSAS 41 Financial Instruments help us in Australia?

Each year, the Queensland Audit Office (QAO) measures the timeliness and quality of public sector financial statements.

We report on the results of these measures to parliament.  

Anzac Day is one of Australia’s most important national commemorative occasions.

25 April marks the anniversary of the first major military action fought by Australian and New Zealand forces during the First World War.

Long-term contracts need to be well managed, so agencies can realise the expected benefits.

A key element of effective audit committees is the existence of a strong and robust relationship with external audit.

This relationship should be built on open, regular, and frank communication between the committee and the auditors.

Do you have internal controls in place to protect your entity or council against fraudulent email attempts?

Are you a public sector entity or local government about to participate in a performance audit? We’re here to help.