Audit quality has been at the forefront of the minds of regulators, standard setters, and stakeholders in Australia and overseas for many years.

Regulation is a core function of government, ensuring services that touch all our lives are safe and fair. Regulators need to plan their compliance and monitoring programs well, but this provides little value if they do not act on their plans.

Regulation is a core function of government, overseeing services that touch all our lives – from the safety of our drinking water, and rehabilitation of old mine sites, to the quality of our kindergarten services.

Many organisations often underestimate the importance and value of a comprehensive contract register. 

This is a common question about the work that we do at Queensland Audit Office (QAO).

Governments often need to make decisions and implement policies in a rapidly evolving environment, such as when responding to natural disasters or other economic and environmental crises. The urgency of the COVID-19 pandemic is a similar example.

Queenslanders rely on public sector entities and local governments to publish correct and current information about how they deliver public services. Providing this information has many benefits, including:

The Queensland Government plans to spend billions of dollars on infrastructure projects over the coming years, and with Brisbane recently announced as host city for 2032 Olympic Games, further expenditure is expected.

Financial statements are prepared at a point in time, so the relevance of the information they contain reduces the longer it takes for entities to publish them.

Appointing the right people to the board of a large government entity ensures it has the right mix of skills needed to implement its strategies.