Elements and Performance Criteria
- Identify public sector requirements for financial management
- The elements of the public sector financial management compliance framework as these relate to the organisation are identified, and requirements regarding the application of these are confirmed.
- Delegation requirements relating to work functions throughout the organisation are identified in accordance with the organisation's delegation framework.
- Internal financial control principles and operational mechanisms within the organisation are identified and clarified with senior finance staff.
- Public sector financial policies and procedures relating to the work role and the organisation are located and the requirements of these are identified.
- Implement public sector financial management requirements
- Financial services are provided in accordance with public sector financial policy and procedures, organisational requirements and industry benchmarks.
- Advice regarding public sector financial policies and procedures and accounting standards is provided in accordance with organisational requirements and limits of responsibility.
- Organisational procedures are developed/reviewed to reflect the requirements of public sector financial policy, guidelines and procedures in accordance with organisational requirements.
- Different levels of delegation are differentiated, work situations are assessed and delegation requirements relating to functions are explained/implemented in accordance with organisational procedures.
- Internal control mechanisms are applied within an organisational context in accordance with organisational policy and procedures and audit requirements.