In a world where organisations constantly face financial challenges and uncertainties, it’s critical they understand the capability of their assets to deliver the services their community needs now and into the future.
In a world where organisations constantly face financial challenges and uncertainties, it’s critical they understand the capability of their assets to deliver the services their community needs now and into the future.
To ensure we select audit topics that matter most to Queensland, we apply a strategic planning approach to identify the risks and opportunities facing public service delivery, and align our audit topics in response.
Most infrastructure assets are expensive to build and maintain, but are the main way that public sector entities, including councils, deliver key services to their communities.
Public sector entities in Queensland – both state and local governments – collectively manage approximately $475 billion in infrastructure assets to service the needs of the community.
Financial sustainability is a common and enduring challenge for councils because of their geographic location, local population numbers, and the number and type of services they deliver for their communities.
The Queensland Audit Office (QAO) has the privilege of auditing all Queensland public sector entities and local governments, meaning our work extends well into the state’s regions.
Many entities have experienced difficulties with supply chains and accessing specialised labour due to ongoing global events.
As another 30 June deadline looms, finance professionals across the Queensland public sector are beginning to prepare financial statements for their entities.
Flooding and cyclones in early 2022 and late 2021 have seen disasters declared across more than half of Queensland’s local government areas. This has a significant impact on local communities, businesses, and governments.
Appointing the right members to a council’s audit committee allows for informed, effective oversight. Effective audit committees have members with the right mix of skills and experience who understand the risks facing the entity.