The Queensland Audit Office’s annual update for clients’ chief financial officers, finance managers, and other staff involved in financial statement preparation is a key part of our engagement program.

Technology is essential for delivering modern government services – but technology projects can be complex and costly to deliver.

Data shows that losses due to employee fraud in public sector entities are on the rise. 

How does the tone at the top influence a risk culture?

The risk culture of an organisation is influenced by the style and behaviours of those responsible for its leadership.

Machinery of government (MoG) changes occur when the government restructures the functions that government departments administer.

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.

In this blog, we summarise Queensland Treasury’s major changes in its financial reporting requirements (FRRs) for this year.