Asset management: DDHHS utilises a Financial Management Practice Manual (FMPM) as its point of reference for financial policy. The FMPM is the framework for financial management, and was developed in response to the requirements of various statutes and standards. Incorporated in the FMPM is a section on Asset Management, which deals with all asset categories such as cash, receivables, inventory, intangibles and non-current assets, including policy on depreciation, impairment etc. In addition to this, work is currently taking place on adoption of the Queensland Treasury’s ‘Non-current assets policies for the Queensland Public Sector’.
Audit objective: Whilst the subject of asset management is broad, the objective of this audit is to focus on certain aspects related to non-current assets, specifically the efficiency and effectiveness of procedures and controls related to the acquisition, registration, stock-taking, valuation and eventual disposal of assets in general, including small and portable items.
Audit scope: Organisation-wide application of asset systems, policies and processes.
For detailed information on the specific goods / services sought under this tender, please review the "Request for Quote" document.
