Financial Management and Governance in Local Councils 2012-13

2 Oct 2014 - 12:00am

The external audit of local council's accounts for 2012-13 identified issues which show local councils need to improve their financial management and governance arrangements to address systemic weaknesses which often lead to audit qualifications.

Although the the timeliness of accounts improved for 2012-13, there remains considerable scope to improve the quality of accounts submitted by local councils to be audited.

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