Knowing how public sector and local government entities are progressing in implementing audit recommendations gives us, parliament, audit clients, and the wider community important information on the improvement of public service delivery.

Queenslanders may not be aware of the role or occurrence of government regulation in their day-to-day lives.

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, on 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.