As another 30 June deadline looms, finance professionals across the Queensland public sector are beginning to prepare financial statements for their entities.
Management reporting is a critical process that gives your entity’s leaders the information they need to make important decisions.
With another 31 December financial year ending, finance teams across the state are pulling together financial statements for their entities.
Queenslanders may not be aware of the role or occurrence of government regulation in their day-to-day lives.
Last year’s hot topic has carried forward to this financial year—the implications of the IFRS Interpretations Committee’s (IFRIC’s) agenda decision Configuration or Customisation Costs in a Cloud Computing Arrangement (April 2021).
Internal controls are the people, systems, and processes that ensure an entity can achieve its objectives, prepare reliable financial reports, and comply with applicable laws.
As cyber attacks continue, cyber risk has become one of the top enterprise-wide risks facing entities. Entities need to remain vigilant and governance committees need to ensure they understand the impact of cyber risk on business strategy.
Most Queensland Government and local government entities revalue their land, buildings and infrastructure every year. These assets can be highly specialised, geographically dispersed and made of various components.
The day-to-day operations of public sector entities are getting busier all the time and changes to everyday activities can be seen as disruptive.
There has been an increase in entities across Australia facing payroll and remuneration compliance issues. Some have resulted in material underpayments to staff.