Minutes of board meetings and other governance bodies are documented evidence of decisions and decision-making processes. When they are well drafted, they support good governance and demonstrate transparency.
Minutes of board meetings and other governance bodies are documented evidence of decisions and decision-making processes. When they are well drafted, they support good governance and demonstrate transparency.
Queensland Treasury Financial Reporting Requirements (FRRs) for 2018–19 are available on Queensland Treasury’s website: www.tre
The Office of the Chief Advisor–Procurement has published new guidelines for disclosing government-awarded contracts. And for using and disclosing confidentiality provisions.
Technological advances now enable departments to use a range of services that combine into wider technology ecosystems.
The Australian Accounting Standards Board (AASB) is reviewing financial reporting requirements for the public sector.1, 2
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.
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.
Long-term contracts need to be well managed, so agencies can realise the expected benefits.