News & Insights

August 1, 2022
Improving Councils’ Financial Management and Sustainability

Centium has been working with several Council clients in recent months to help them address financial sustainability issues. This work has covered finance and budget training for new Councillors and executive and management staff, support to shape and improve workforce and long-term financial plans, and the preparation of a rating strategy and community engagement required for a Special Rate Variation.

Read More
June 8, 2022
Are you CSP (cyber security) ready?

By 31 October, agencies must submit a report to their cluster CISO, or Cyber Security NSW. This includes an assessment against the mandatory requirements of the CSP and a maturity assessment against the Australian Cyber Security Centre’s (ACSC) Essential 8.

Read More
May 19, 2022
Why compliance audits could improve the way you do business

All businesses are required to comply with rules and regulations, including, for example, taxation and superannuation rules, employee entitlements, health and safety legislation, public health orders, etc. The risk of non-compliance ranges from legal and financial penalties, status loss (registration, licence, etc.) to loss of reputation, which in turn could adversely impact business relationships and […]

Read More
May 16, 2022
Supporting Local Councillors – What can be learnt from post-election interviews

 Local Councillors play a fundamental role at the community level in our democracy. They participate in shaping the places they live in and act in the best interest of their communities. In so doing, they come to understand the most difficult and most critical pressures facing their communities. Local Government is often a training ground […]

Read More
April 13, 2022
Centium to offer broader service range through strategic alliance with CT Management Group

We're thrilled to announce our strategic alliance with CT Management Group (CTMG), one of Australia’s most trusted providers of local government professional services. This alliance is a big step towards expanding our range of services to new locations across Victoria and Queensland. The partnership is the result of a close professional relationship that we are […]

Read More
April 6, 2022
What should you look for in an internal auditor?

In most public sector jurisdictions, internal audit is a mandatory requirement. There will always be some routine “tick and flick” type audits that will be required from time to time to confirm the adequacy of controls for generic activities. But effective Internal Audit is about so much more than the old “tick and flick”. Ever […]

Read More
April 1, 2022
BREAKING: PCI DSS v4.0 released

The PCI Security Standards Council (PCI SSC) published a new version of the PCI Data Security Standard (PCI DSS) on 31st March 2022. The new standard V4.0 provides a baseline of technical and operational requirements designed to protect payment data and will replace version 3.2.1 to help combat emerging threats and technologies. The new requirements […]

Read More
March 10, 2022
Are your fraud and corruption controls fit for purpose?

Over the last few years both State-based and International anti-corruption bodies have been busily dealing with a steady stream of fraud and corruption cases. This has included well-publicised cases involving all levels of Government, as well as organisations across the Not-for-Profit and Private sectors. No industry, occupational group or sector is immune from the threat […]

Read More
February 21, 2022
No more surprises: Key internal audit activities to reduce risks in 2022

We all started last year with high hopes, not realising that it would end up being a virtual repeat of 2020. It's taught us to be a little warier. And so, going into 2022, many organisations are feeling more cautious than optimistic. While hope can push us forward, there is nothing wrong with combining this […]

Read More
January 19, 2022
The disastrous effect of poor CEO behaviour on share price and culture

Last Friday, ABC News carried a story about the Board of building materials maker, James Hardie, dismissing its chief executive, Jack Truong. The Board had conducted “extensive due diligence to provide for a sincere change in Mr Truong’s behaviour”, but employees made further complaints about how he treated them. The company shares lost 4.1% on […]

Read More
December 1, 2021
How poor management of complaints can result in major problems: Learnings from a recent ICAC investigation

In mid-November 2021, the NSW Independent Commission Against Corruption (the ICAC) made public the report on its investigation into the sourcing of software systems for the Western Sydney Institute of TAFE (WSI). This investigation concerned allegations that the WSI Finance Manager and another Finance Officer accepted payments totalling approximately $449,000. The Finance Manager also accepted […]

Read More
November 10, 2021
Assisting you to ensure APRA CPS 234 Compliance

Prudential Standard CPS 234, which outlines the information security requirements that APRA regulated organisations must comply with, is a mandatory regulation issued by APRA to ensure that your organisation’s information assets remain safe and secure from breaches. In order to increase the rigour of compliance of CPS 234, Boards of regulated entities are required to […]

Read More

Our Clients

Top phone-handset