Welcome and Introduction

1. Welcome and Introduction Murray Jones, Director, Budget and Financial Management, Department of Treasury and Finance

2. Financial Management Compliance Framework, internal controls and financial risk management Mike Hogan, Assistant Director, Budget and Financial Management, Department of Treasury and Finance

3. Objectives Structure of the Directions and the Framework Roles and responsibilities Current initiatives Enhancing VPS financial management compliance Internal financial management certification requirements Synergies between the requirements and financial processes In this presentation, I would like to firstly recap on the structure of the Standing Directions of the Minister for Finance and the Financial Management Compliance Framework, and on the roles and responsibilities of the different levels of government under the Framework. The second part of this presentation will focus on the resources and initiatives being undertaken by DTF, the importance of the internal financial management certification requirement and its synergies with financial and budget processes.In this presentation, I would like to firstly recap on the structure of the Standing Directions of the Minister for Finance and the Financial Management Compliance Framework, and on the roles and responsibilities of the different levels of government under the Framework. The second part of this presentation will focus on the resources and initiatives being undertaken by DTF, the importance of the internal financial management certification requirement and its synergies with financial and budget processes.

4. Structure of the Directions