or sector-wide review) or provided directly to the agency. Other possible external reviewers include Parliamentary Committees, the Crime and Corruption Commission, the Queensland Ombudsman or the Coroner. Agencies must disclose information about significant findings or issues identified by an external reviewer, as well as the agency’s response to the issues/findings and any action undertaken or being undertaken as a result. More information: Contact: Performance Unit, Department of the Premier and Cabinet Tel: 300 39192 15.3 Audit committee The FPMS (section 35) provides that each accountable officer of a department must, and each statutory body may, establish an committee for the agency. Agencies must disclose information relating to their audit committee including: name, membership (role on committee) and remuneration (if applicable) of the members a description of the audit committee’s role, functions, responsibilities and achievements and frequency of meetings during the reporting period a statement that the audit committee has observed the terms of its charter and had due regard to Treasury’s Audit Committee Guidelines. The annual report must include a report of the agency audit committee on the consideration of all audit recommendations by the QAO including performance audit recommendations. See also section 15.2. More information: Committee Guidelines: Improving Accountability and Performance Contact: Fiscal and Strategy Division, Queensland Treasury fmhelpdesk@treasury.qld.gov.au 15.4 Internal audit Departments are required to establish an internal audit function. Statutory bodies must establish an internal audit function if directed by the appropriate Minister, or if the body considers it appropriate to do so (section 29 of the FPMS).
or sector-wide review) or provided directly to the agency. Other possible external reviewers include Parliamentary Committees, the Crime and Corruption Commission, the Queensland Ombudsman or the Coroner. Agencies must disclose information about significant findings or issues identified by an external reviewer, as well as the agency’s response to the issues/findings and any action undertaken or being undertaken as a result. More information: Contact: Performance Unit, Department of the Premier and Cabinet Tel: 300 39192 15.3 Audit committee The FPMS (section 35) provides that each accountable officer of a department must, and each statutory body may, establish an committee for the agency. Agencies must disclose information relating to their audit committee including: name, membership (role on committee) and remuneration (if applicable) of the members a description of the audit committee’s role, functions, responsibilities and achievements and frequency of meetings during the reporting period a statement that the audit committee has observed the terms of its charter and had due regard to Treasury’s Audit Committee Guidelines. The annual report must include a report of the agency audit committee on the consideration of all audit recommendations by the QAO including performance audit recommendations. See also section 15.2. More information: Committee Guidelines: Improving Accountability and Performance Contact: Fiscal and Strategy Division, Queensland Treasury fmhelpdesk@treasury.qld.gov.au 15.4 Internal audit Departments are required to establish an internal audit function. Statutory bodies must establish an internal audit function if directed by the appropriate Minister, or if the body considers it appropriate to do so (section 29 of the FPMS).
annual-report-requirements-2014-2015.docx