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Our update on Queensland Treasury’s reporting requirements for 2025
In this blog, we summarise Queensland Treasury’s major changes in its 2024–25 Financial Reporting Requirements for Queensland Government Agencies (FRRs) and its Non-Current Asset Policies for the Queensland Public Sector (NCAPs) for this year.
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As our 31 December year-end clients finalise their financial statements, it’s a timely reminder to not make immaterial changes.
Over time, the Queensland Audit Office (QAO) has shifted its profile of employees to become a more diverse organisation that recognises the unique experiences many bring to our team.
Machinery of government (MoG) changes occur when the government restructures the functions that government departments administer.
Use of digital technologies has increased the pace of disruption in every industry. The question now is whether the Queensland Government is keeping pace with this reality.
This year, we worked with state government entities and some larger local governments as they undertook an initial self-assessment of their financial statement preparation processes using the maturity model on our
The Queensland Audit Office (QAO) welcomes information on public sector performance and requests for audits from our clients, parliament, and the wider Queensland public.
Many public sector entities own and manage large asset portfolios amounting to many millions (or billions) of dollars. Management can make better decisions when they have good data about their assets.
In our recent Auditor-General’s insights report on audit committees in state government entities, we highlight the importance of audit committees and how they can catalyse better governance.
Risk appetite and risk tolerance continue to be important conversations in how the public sector applies risk management practices.
Members of project steering committees for major digital transformation projects need to be appropriately qualified and experienced to help ensure a successful project.