This past week found me returning to the Kimberley region for WA's local government audits, after visiting this area for the first time three months ago. During the final audit fieldwork, I had the opportunity to delve deeper into one of shires' main income sources, grant revenue, and obtain a better understanding of their treatment in the context of the relevant accounting standards. Besides grant revenue, another major financial statement item for shires is property, plant and equipment. Looking forward to learning more about this area, especially the assessment of infrastructure revaluations conducted during the financial year. #lifeatrsm #audit #localgovernment
Great to see your commitment to enhancing your knowledge and expertise in local government audits. Grant revenue and property, plant, and equipment are pivotal in this domain, and your dedication to understanding their accounting standards and infrastructure revaluations is encouraged. Keep up the excellent work Josh.
Deputy Director General, Buildings and Contracts | Deputy Chair, Australasian Procurement and Construction Council
1yKnx? 👍