Elements and Performance Criteria
- Interpret and apply complex public sector financial requirements
- Public sector financial requirements are identified in accordance with legislation, policy and instructions.
- Public sector financial management compliance framework hierarchy is interpreted and explained to others in accordance with their needs, to ensure the organisation's compliance with the framework's requirements.
- Advice regarding interpretation of public sector financial policies and procedures and accounting standards is provided in accordance with organisational requirements.
- Information on the organisation's financial controls and accountabilities is interpreted and provided to management and staff in accordance with organisational requirements.
- Business solutions are developed/refined for the organisation in accordance with financial management standards and public sector financial policies and procedures.
- Establish and apply internal financial controls
- Current internal controls are analysed for improvement and revised or replaced in accordance with organisational requirements.
- Controls are reviewed to ensure these include effective delegation levels, lines of responsibility, and associated accountabilities.
- Controls are checked for consistency with government policy and organisational structure.
- Systems and surrounding control procedures are implemented, documented and made accessible in accordance with organisational policy and procedures.
- Formulate and maintain financial policy and procedures
- Public sector financial policies and procedures are interpreted and advice is provided on the implications for the organisation's financial policy and procedures.
- Organisational financial policy and procedures are developed/approved in accordance with organisational requirements and government policy.
- Input is provided to inter-departmental accounting groups responsible for policy development in accordance with organisational requirements to maintain and improve financial policy outcomes.
- Policies are developed to meet regulatory and legislative requirements and cost effective best practice.