Municipal audit outcomes worsen overall in 2016-17 year
Auditor-General Kimi Makwetu says suggestions made by his office to improve accountability did not receive the necessary attention at most municipalities
The overall audit outcomes of the 257 municipalities in the country have regressed, Auditor-General Kimi Makwetu said on releasing the audit outcomes for the 2016-17 financial year in Cape Town, on Wednesday. In his report‚ Makwetu said that of the 257 municipalities audited‚ 45 regressed and only 16 improved. Only 33 municipalities (13%) managed to produce high-quality financial statements and performance reports and complied with all key legislation‚ therefore receiving a clean audit. "Not only did the unqualified opinions on the financial statements decrease from 68% to 61%‚ but the financial statements provided to us for auditing were even worse than in the previous year. "Only 22% of the municipalities could give us financial statements without material misstatements. In addition‚ the performance reports of 62% of the municipalities that produced reports had material flaws and were not credible enough for the council or the public to use‚" Makwetu said. Irregular expenditure in...
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