sec.22Financial information management

sec.22 Financial information management

A department’s accountable officer or a statutory body must manage the department’s or statutory body’s financial information in accordance with the financial information management system for the department or statutory body. Without limiting section 11 — the financial information management system must provide for— the recording of events with financial impacts; and the recording, storage, keeping, retrieval, destruction and transfer of financial information; and the financial information management system must support the preparation of annual financial statements; and in establishing, maintaining or reviewing the financial information management system, the accountable officer or statutory body must have regard to the QGEA; and in establishing or maintaining the financial information management system, the accountable officer or statutory body must ensure— the Public Records Act 2002 is complied with; and the financial information is secure. Before establishing, or materially changing, the financial information management system, the accountable officer or statutory body must consult with— the head of internal audit for the department or statutory body; and the authorised auditor for the department or statutory body; and the person responsible for the keeping and management of records for the department or statutory body; and if the system is for a department—the chief finance officer for the department; and if the system is for a statutory body—the person responsible for the financial administration of the statutory body. In this section— financial information , of a department or statutory body, means information that is part of, or used for, the financial records of the department or statutory body. (sec.22-ssec.1) A department’s accountable officer or a statutory body must manage the department’s or statutory body’s financial information in accordance with the financial information management system for the department or statutory body. (sec.22-ssec.2) Without limiting section 11 — the financial information management system must provide for— the recording of events with financial impacts; and the recording, storage, keeping, retrieval, destruction and transfer of financial information; and the financial information management system must support the preparation of annual financial statements; and in establishing, maintaining or reviewing the financial information management system, the accountable officer or statutory body must have regard to the QGEA; and in establishing or maintaining the financial information management system, the accountable officer or statutory body must ensure— the Public Records Act 2002 is complied with; and the financial information is secure. (sec.22-ssec.3) Before establishing, or materially changing, the financial information management system, the accountable officer or statutory body must consult with— the head of internal audit for the department or statutory body; and the authorised auditor for the department or statutory body; and the person responsible for the keeping and management of records for the department or statutory body; and if the system is for a department—the chief finance officer for the department; and if the system is for a statutory body—the person responsible for the financial administration of the statutory body. (sec.22-ssec.4) In this section— financial information , of a department or statutory body, means information that is part of, or used for, the financial records of the department or statutory body.