Turn Policy Into Process

EOFY ASSURANCE PACKAGE

ENSURE KEY POLICY AND LEGISLATIVE REQUIREMENTS RELATING TO EOFY ARE MET

The End-of-Financial-Year (EOFY) Assurance Package is an extension suite delivered in Lighthouse. This package has been designed by governance specialists at Torque Software to ensure key policy and legislative requirements relating to EOFY are met.

The package is comprised of four elements:

1. MANAGEMENT ASSURANCE CERTIFICATION (MAC)

The EOFY Assurance Package includes a Management Assurance Certificate process that is run at the end of the financial year.

2. CONFLICTS OF INTEREST

The EOFY Assurance Package includes annual collection of Conflicts of Interest declarations from nominated staff, and external members of boards and committees.

3. KEY MANAGEMENT PERSONNEL (AASB 124 DISCLOSURES)

The EOFY Assurance Package includes collection of a declaration from Key Management Personnel (KMP) to identify potential related party transactions.

4. WRITTEN BRIEF

The outcomes of the EOFY Assurance activities are detailed in a draft brief for CFO review. The brief is suitable for presentation to senior management in your organisation and the Audit and Risk Committee as part of year-end documentation.

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75% Increase in

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With over 14 years of expertise and experience in the space, hundreds of implemented solutions, and well over 100,000 users, we support all tiers of Government in Australia, the UK, and New Zealand across aged care, education, and all other regulated industries.

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