Financial Management

Delivering world class standards of financial management in Government requires the cost effective translation of resources into desired outcomes. This means having the right decision making structures in place, and the financial information and skills capacities to operate them.

In seeking to deliver world class standards of financial management, the Treasury aims to:

  • Promote improvements in the effectiveness of financial management and finance professionalism in Government.
  • Implement reporting frameworks that build on best practice and deliver efficient and effective integrated reporting mechanisms for government financial data.
  • Promote excellent accountability in the use of public funds through setting standards of governance, risk management and internal control.

The links below lead to full explanations of the range of financial management tools used in Government.

Financial Management and Professionalism
Key documents include Managing Resources series, the Gateway standards for finance professionals at Grade 7 and the SCS, and the core financial management skills for Grade 7's and the SCS
Government Financial Reporting
Key documents include Government Financial Reporting Manual 
Governance in Government
Key documents include Corporate Governance Code, audit guidance (including HIA letters), DAO letters

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Financial Reporting Advisory Board
The FRAB is an independent body which advises the Treasury on its financial reporting standards and principles. On this website you will find FRAB terms of reference, membership, reports and press notices.