Request for Comment on Revised Cost Effective Internal Control Guidelines
For further information
The existing Cost Effective Internal Control Guidelines: Underpinning Agency Performance (the Guidelines) were released in November 1997 to assist agencies with the implementation of the requirements of the Financial Management Standard 1997 (FMS). They were subsequently updated and reissued in April 2002.
Since 2001, the FMS has required Accountable Officers and statutory bodies to have regard to the Guidelines.
The FMS, along with its enabling legislation (the Financial Administration and Audit Act 1977), has been the subject of a recent comprehensive review.
Queensland Treasury is currently reviewing the Guidelines in order to align this document with the legislative changes made in the new Financial Accountability Act and to provide greater support to agencies in developing and implementing their processes and controls.
To ensure the Guidelines are user-friendly and contain the type of information that users require, a series of topic papers were developed outlining a number of questions for comment and feedback by interested stakeholders.
Interested parties were invited to review the topic papers and provide comment by their due dates. The comment periods have now closed, and all comments and feedback received are valued and appreciated.
| Paper | Document released for comment | Summary of feedback | Status |
|---|---|---|---|
| Background information | Background paper (PDF 30 K) | Not applicable | For information only |
| Topic paper 1 | Proposed format of new Guidelines (PDF 75 K) | Summary of feedback for Topic paper 1 (PDF 75 K) | Closed |
| Topic paper 2 | Overview of contents (PDF 65 K) | Summary of feedback for Topic paper 2 (PDF 65 K) | Closed |
| Topic paper 3 | Chief finance officer and head of internal audit (PDF 85 K) | Summary of feedback for Topic paper 3 (PDF 85 K) | Closed |
| Topic paper 4 | Statement of assurance (PDF 75 K) | Summary of feedback for Topic paper 4 (PDF 75 K) | Closed |
| Topic paper 5 | Specific issues (PDF 50 K) | Summary of feedback for Topic paper 5 (PDF 50 K) | Closed |
For further information regarding the review of legislation, please refer to the Review of the Financial Administration and Audit Act and subordinate legislation page.
Contacts
Should you have any questions in relation to the review of the Cost Effective Internal Control Guidelines, please contact:
- Lee Clayton, Principal Accountant, Financial Management Branch
Telephone: (07) 322 42922. - David Ryan, Senior Accountant, Financial Management Branch
Telephone: (07) 322 46058.
Last reviewed 26 June 2009
Other languages