Government departments across Australia and in the wider global community are faced with a multitude of challenges.
Due to the unique way in which government departments are funded and operated, a number of key stakeholders must be satisfied, including Federal and State governments, industry bodies, action groups, and the general public.
The need to provide better public services and real value for money through ongoing programs and or standalone initiatives, together with limited resources can lead to many challenges for government departments. There is a constant need to review systems and controls, streamline operations and improve effectiveness.
Additionally, an increased regulatory and public focus on disclosure requires that departments display transparency across all facets of the unit.
Our team at William Buck not only provides comprehensive audit and assurance services but works with government departments to review their current operations for cost effectiveness, efficiency and profitability and provides practical advice for improvement.
We assist government departments with a number of services including:
— Internal Auditing
— External Auditing
— IT Auditing
— Enforceable undertakings
— Periodic budget reporting and analysis
— KPI development, analysis and reporting
— Breakeven and profitability analysis
— Funding reviews
— Liquidity management
— GST and FBT compliance and planning
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