Council gets green lights from Qld Audit Office
  • Thursday 19 July 2018
Finance

Sunshine Coast Council has received another commendable report from the Queensland Audit Office (QAO). 

Corporate Strategy and Finance Portfolio Councillor Tim Dwyer said an independent audit carried out by the QAO revealed council’s overall internal control framework as effective.

“Council has now received nine consecutive unqualified audits from the QAO, with the result for the 2017/18 financial statements to be available in October this year,” Cr Dwyer said.

“The Queensland Audit Office performed an interim audit of council’s financial systems and processes during the period March to May 2018. It involved testing the operating effectiveness of information system controls as well as key controls over revenue, expenditure and payroll.

“Council’s internal controls were assessed across five criteria and we received ‘green light’ ratings on all five, which is the highest achievable rating.”

The QAO will return to Council in later this month to review the asset revaluations and again in September 2018 to finalise the audit of the 2017/18 financial statements.