The Australian community expects Commonwealth Entities like CSIRO to manage public funds effectively.
CSIRO’s freedom to operate relies on us having a sound financial management and accountability framework. Our framework is built upon effective financial management strategies, procedures and practices, delegated financial authority at the appropriate level, and robust accountability systems which support delivery of the CSIRO’s science and strategy.
CSIRO’s financial management and accountability framework is designed to:
The CSIRO Board is accountable for the delivery of financial management and accountability directives from Government. CSIRO Finance facilitates the acquittal of those financial obligations to the CSIRO Board via the Board Audit and Risk Committee.
All staff who have a role in delivering the financial management framework are to provide timely and accurate delivery against these objectives.
We know we have a successful financial framework when CSIRO can live within its means, plan for a sustainable financial future, account to the public for our effective investment and expenditure decisions, and deliver timely and accurate financial transactions to all stakeholders.