Financial Management and Governance – Town and Community Councils 2017-18

15 Jan 2019 - 12:02am

The amount of money managed by local councils in Wales continues to increase. However, the current standard of financial management and governance remains disappointing at too many councils as evidenced by a doubling of the number of qualified audit opinions

A significant number of councils fail to comply with their statutory responsibilities for preparing accounts and ensuring that proper arrangements are made for the statutory audit, including making arrangements for inspection of the accounts by their electors.

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