COVID-19 has been testing the resilience and agility of entities as they tackle looking after their people and managing sustainable operations. The health crisis also impacts many entities’ internal control environments and financial results.

Security organisations have observed a significant increase in attacks by criminal hackers who are attempting to take advantage of the extraordinary circumstances the COVID-19 crisis presents.

This article considers some of the issues arising from the current COVID-19 (coronavirus) pandemic in determining fair value for financial reporting.

Most entities have recently made changes to their internal controls in response to COVID-19, including expanding work from home arrangements to support social distancing requirements.

In October 2019, the Australian Securities and Investments Commission (ASIC) issued its

Frauds are continuing to occur in the Queensland public sector. Over the last 18 months alone, successful frauds have resulted in the losses of over $2.2 million.

Modern slavery can occur in any industry and any sector. The United Nations estimates that there are approximately 40 million victims worldwide.

In March 2019, the Queensland Under Treasurer referred concerns to the Auditor-General about the delivery of the State Penalties Enforcement Registry (SPER) Reform Program.

Culture represents the norms, behaviours and ideas of a group, or an organisation, and is at the heart of how it operates. Culture influences how we behave, what we think and how we act.

In November 2019 we published our latest report on the results of the financial audits in the health sector. We included the Department of Health and 16 hospital and health services (HHSs) in this report.