We are all aware of the saying, ‘by failing to plan, you are preparing to fail’. But sadly, this is an all-too-common observation we make when we audit contract management.

The ever-increasing focus on good corporate governance within organisations requires management teams to act with transparency and accountability in their dealings with the broader public.

Cyber security risks represent one of the most significant threats to all organisations, with attacks increasing in intensity and frequency.

Audit quality has been at the forefront of the minds of regulators, standard setters, and stakeholders in Australia and overseas for many years.

Regulation is a core function of government, ensuring services that touch all our lives are safe and fair. Regulators need to plan their compliance and monitoring programs well, but this provides little value if they do not act on their plans.

At the Queensland Audit Office (QAO), we aim to learn from others and seek out opportunities to exchange expertise with our peers and professional networks.

Regulation is a core function of government, overseeing services that touch all our lives – from the safety of our drinking water, and rehabilitation of old mine sites, to the quality of our kindergarten services.

Many organisations often underestimate the importance and value of a comprehensive contract register. 

This is a common question about the work that we do at Queensland Audit Office (QAO).

The Queensland Audit Office (QAO) has the privilege of auditing all Queensland public sector entities and local governments, meaning our work extends well into the state’s regions.