Our performance audits are carefully planned to focus on the topics that matter to the Queensland community, and to help public sector entities to deliver better public services.
Fraud and corruption risks are pervasive to all organisations, regardless of whether they operate in the public or private sector, or are for-profit or not-for-profit.
Financial loss is something entities clearly work hard to avoid, but if it does happen, entities can learn from their experiences and allow us to share common insights and advice with others.
Financial statements can be difficult to understand for those who don’t have a strong finance or accounting background.
As we finalise the audit of our clients’ financial statements, we will be communicating any misstatements the teams identify with them.
This blog post gives our audit clients some information about how we record material misstatements.
Elected members are responsible for setting the strategic direction of their council. This includes all decisions that impact how a local government operates, and bearing the outcomes of those decisions.
In this blog, we summarise Queensland Treasury’s major changes in its financial reporting requirements (FRRs) for this year.
In October 2023, Queensland Treasury (QT) released its latest audit committee guidelines for departments and statutory bodies.
What is risk appetite?
Risk appetite is used by organisations to drive decision-making, understand the extent of controls needed to manage risks, and assess how to take advantage of opportunities.
As we all know, buildings are expensive to construct and maintain, but they are critical for the delivery of public services. If entities do not maintain their buildings well: