services
Financial Management Solutions
From accounting and corporate governance to risk analysis and capital management funding programs, MAXimusSolutions offers a comprehensive range of financial management solutions. We draw on our local and international experience working with government, and tailor our products and services for each project.
Our extensive experience covers:
- preparation of financial statements-including independent reviews and remediation of audit findings
- preparation of budget estimates-including Portfolio Budget Statements, Additional Estimates Statements, Budget Submissions and New Policy Proposals
- development of financial assurance frameworks (Financial Management Act Certificate of Compliance)-including best practice models and compliance reporting templates
- assistance with the Gateway capital infrastructure investment process-including working through the Gateway assessment tool and preparing business cases with associated costings and support papers
- preparation of capital management plans-including cash analysis of key balance sheet items for accrual accounting and strategic asset management
- input-based costing-including clarifying underlying cost drivers, establishing a baseline cost of target performance, and costing options for alternative service levels and delivery means
- products specific to the Commonwealth agencies-including cost recovery arrangements, Regulation 10, risk management of administered payments, business plans, debt management, special public monies and special account framework, treasury function.
Examples of our work in this area
- Undertaking a fiduciary risk analysis of the financial viability of a prominent private sector company.
- Providing ongoing financial management, accounting and corporate governance assistance and advice to a commercial government entity.
- Undertaking an investment strategy analysis in relation to the construction of a new building for an Australian Government agency.
- Project managing the transition of an Australian Government authority to the Financial Management and Accountability Act and the Public Service Act including the establishment of governance frameworks and confirmation of corporate compliance.
- Providing guidance and advice to clients, in the role of internal auditor, including developing appropriate internal audit charters, audit committee structure and terms of reference, internal audit plans (both one-year tactical plan and three-year strategic plan).
- Developing a risk management policy and risk management plan for approval by the board of a government-owned corporation.
