Finweek - English

in brief

“Not much to go around, yet not the right hands at the till.”

– , titled his office’s latest general report on the local government audit outcomes this way. He said this is “to reflect the state of financial management in local government. Billions of funds allocated to municipalities are managed in ways that are contrary to the prescripts and generally recognised accounting disciplines.” The report states that 8% of municipalities received a clean audit, and

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