Uncategorized 1.12.2013 12:40 pm

Cape Town receives clean audit

FILE PICTURE: A view of Cape Town from Robben Island. Image courtesy Wikimedia Commons (Matthias Kniese)

FILE PICTURE: A view of Cape Town from Robben Island. Image courtesy Wikimedia Commons (Matthias Kniese)

The City of Cape Town has received a clean audit finding from the Auditor General, deputy mayor Ian Neilson said on Sunday.

‘There is a lot of work, skill and expertise that goes into achieving a clean audit. It is not merely about accounting. It is about accountability.”

He said a clean audit meant that the AG believed that the city’s books were impressive and that every cent that had been spent could be accounted for, that the performance report was credible, and that the city had complied with laws and regulations.

“This administration understands that it is public money we are entrusted with, which must be used for the benefit of the people who live in this city.”

Neilson said in his audit findings for the 2012/13 financial year, the Auditor General found that the city’s financial statements presented fairly, in all material respects, the financial position and the financial performance of the City of Cape Town as at June 30.

The AG also had no material findings on the city’s performance report or compliance with laws and regulations.

“The Auditor General did not identify any significant deficiencies in the City’s internal controls,” Neilson said.

– Sapa

 

 

 

 

 

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