Local government entities: 2016–17 results of financial audits

Tabled Report 13: 2017–18

Tabled date

2018-03-22

Report year

2017-18

Community amenities Local government

Entities audited

Not identified in the published HTML audit scope.

Recommendations

1. QAO's text Addressed to: the Department of Local Government, Racing and Multicultural Affairs

   financial statements of controlled entities be made publicly available.

2. QAO's text Addressed to: the Department of Local Government, Racing and Multicultural Affairs

   audit committees for all councils.

3. QAO's text Addressed to: councils

   continue to assess their processes for ensuring that asset registers are complete and remain current over time.

4. QAO's text Addressed to: councils

   review and update their month end close processes to include:

   • monthly accrual statements of comprehensive income and financial position and cash flow information
   • variance analysis, key ratios, trends and other non-financial information that will enable the councillors and council executives to better understand the council’s financial performance and outlook.

5. QAO's text Addressed to: review their accounting for rehabilitation of landfills. This

   review their accounting for rehabilitation of landfills. This should include:

   • assessing open and closed landfill sites and whether a liability has been recognised
   • ensuring all future costs associated with their obligations under their environmental authority are included in the provision.

6. QAO's text Addressed to: review their accounting for rehabilitation of landfills. This

   review their monitoring controls and memberships of their controlled entities’ boards and:

   • appoint independent directors to provide specialist skills, experience and diversity
   • establish appropriate mechanisms for oversight and to manage conflicts of interest.

Authoritative report — Queensland Audit Office

Report PDF on QAO