Local government entities: 2015–16 results of financial audits

Tabled Report 13: 2016–17

Tabled date

2017-04-04

Report year

2016-17

Community amenities Local government

Entities audited

Not identified in the published HTML audit scope.

Recommendations

1. QAO's text Addressed to: councils

   make the financial statements of their controlled entities publicly available (Chapter 2)

2. QAO's text Addressed to: councils

   assess their processes for ensuring that their asset registers are complete and remain current over time (Chapter 2) including:

   • performing physical stocktakes and updating asset registers 
   • implementing control improvements over the recognition of contributed assets  

3. QAO's text Addressed to: councils

   identify their related parties and related party transactions including terms and conditions, and prepare a draft note with data for inclusion in their pro forma financial statements to be presented to their audit committees or council (Chapter 2)

4. QAO's text Addressed to: councils

   critically examine their service levels and costs for service delivery and plan in the longer term to be able to earn enough operating revenue to meet operational expenditure (Chapter 3)

5. QAO's text Addressed to: councils

   assess the maturity of their risk management practices, develop an action plan for improvements, and track progress towards agreed targets (Chapter 4) 

6. QAO's text Addressed to: councils

   assess their business continuity and disaster recovery capabilities, identify areas for improvement, and establish or update their plans (Chapter 4)

7. QAO's text Addressed to: councils

   retain or re-establish their audit committees to ensure there is effective oversight of their internal control frameworks, financial reporting, and legislative compliance (Chapter 4).

Authoritative report — Queensland Audit Office

Report PDF on QAO