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Elements and Performance Criteria

1. Interpret and apply complex public sector financial requirements
   • Identify public sector financial requirements.
   • Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.
   • Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.
   • Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.
   • Develop and refine business solutions for the organisation.
2. Establish and apply internal financial controls
   • Analyse current internal controls for improvement and revise or replace as required.
   • Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.
   • Check controls for consistency with government policy and organisational structure.
   • Implement, document and make accessible systems and surrounding control procedures.
3. Formulate and maintain financial policy and procedures
   • Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.
   • Develop and approve organisational financial policy and procedures.
   • Provide input to interdepartmental accounting groups responsible for policy development.
   • Develop policies to meet regulatory and legislative requirements and cost-effective best practice.
4. Interpret and apply complex public sector financial requirements
   • Identify public sector financial requirements.
   • Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.
   • Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.
   • Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.
   • Develop and refine business solutions for the organisation.
5. Establish and apply internal financial controls
   • Analyse current internal controls for improvement and revise or replace as required.
   • Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.
   • Check controls for consistency with government policy and organisational structure.
   • Implement, document and make accessible systems and surrounding control procedures.
6. Formulate and maintain financial policy and procedures
   • Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.
   • Develop and approve organisational financial policy and procedures.
   • Provide input to interdepartmental accounting groups responsible for policy development.
   • Develop policies to meet regulatory and legislative requirements and cost-effective best practice.

Performance Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

interpreting complex and formal documents, including legislation, policies, procedures, and accounting standards, and providing advice on their interpretation and application

adjusting communication to suit different audiences

preparing reports and policies requiring precision of expression

setting industry benchmarks and influencing policy

synthesising and applying information and legislation accessed electronically or in hard copy

applying environmental and work health and safety procedures relating to working in the public sector

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Knowledge Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

public sector financial management compliance framework (intimate knowledge) and the relationship of the elements of the framework

internal control principles and how these have been applied to financial processes

corporate governance requirements/relationship of financial management compliance framework to organisational structures

service level agreements

internal and external reporting requirements

industry and accounting standards

public sector standards and codes of conduct/ethics

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