More green lights for council from Qld Audit Office
  • Thursday 08 November 2018
Finance

Sunshine Coast Council has received a 10th successive 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.

“This is the 10th consecutive unmodified audit opinion council has received from the QAO following a review of our 2017/18 draft financial statements and financial sustainability ratios,” Cr Dwyer said.

“Council received nine ‘green light’ (highest achievable) ratings across the QAO’s assessment of our financial statement preparation process, internal controls and financial sustainability assessment.”

The audit was conducted at several points throughout the year, starting with planning in November 2017, interim testing of key controls during the period March to May 2018, review of asset valuations in July 2018, culminating with the final financial statements audit in September 2018.

“This is a fantastic outcome and a great achievement for council when you consider the high number of major projects which are currently underway across our healthy, smart, creative region,” Cr Dwyer said.