2022-07-21 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                           21 JULY 2022


8.   CONSIDERATION OF COMMITTEE REPORTS

1    AUDIT & RISK COMMITTEE MEETING REPORT – 24 JUNE 2021
     ATTENDANCE & APOLOGIES
     COMMITTEE
     Tim Cronin (Chair)
     Kerry Phillips
     Cr Tom Wegener
     OTHER ATTENDEES
     Scott Waters, Chief Executive Officer
     Trent Grauf, Acting Director Corporate Services
     Debra Iezzi, Director Executive Services
     Diana Stewart, Governance Advisor
     Alex Nolan, Governance Officer
     Pauline Coles, Acting Finance Manager
     Sri Narasimhan, Queensland Audit Office
     Martin Luwinga, Queensland Audit Office
     Thomas Cook, KPMG
     Jillian Richards, KPMG
     APOLOGIES
     Cr Clare Stewart

     COMMITTEE RECOMMENDATIONS TO COUNCIL

     1    QUEENSLAND AUDIT OFFICE REPORT
          That Council note the Queensland Audit Office Briefing Note provided by the Queensland
          Audit Office (QAO) and KPMG to the Audit & Risk Committee meeting dated 24 June
          2022.

     2    2021-22 SHELL FINANCIAL STATEMENTS AND END OF FINANCIAL YEAR
          UPDATE
          That Council note the report by the Manager Financial Services (Acting) to the Audit &
          Risk Committee Meeting dated 24 June 2022 regarding Council’s progress preparing for
          the 2021/22 financial statements.

     3    FINANCIAL STATEMENT MATURITY MODEL TARGET LEVELS AND GAP
          ANALYSIS
          That Council note the report by the Manager Financial Services (Acting) to the Audit &
          Risk Committee Meeting dated 24 June 2022 regarding the assessment of target
          maturity levels for its Financial Statement Preparation Processes using QAO’s self-
          assessment tool.

     4    UPDATE ON SIGNIFICANT ACCOUNTING AND REPORTING ISSUES
          That Council note the report by the Manager Financial Services (Acting) to the Audit &
          Risk Committee Meeting dated 24 June 2022 providing an update on the progress
          towards completing outstanding audit action items as identified as part of the external
          audit process.
     Committee Recommendation
     That the report of the Audit & Risk Committee dated 24 June 2022 be received and the
     recommendations therein be adopted except where dealt with by separate resolution.

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