Mutare City Council Shuns Forensic Audit For Five Years
Mutare City Council has been castigated over its failure to audit its finances on time, having last done so five years ago.
A forensic audit investigation report on land management from 2007 to March 2018 revealed that the last audit was for the financial year ending December 31, 2014. The report reads in part:
Financial statements for the year ended December 31, 2015, were still at draft stage and not audited.
FeedbackThis is a violation of section 305 (b) of the Urban Council’s Act Chapter 29:15 which require financial statements to be ready for audit by not later than 120 days after the end of each financial year.
The council might continue to receive qualified audit reports. Decision-making may become difficult in the absence of credible audited financial statements.
HOT DEALS:
itel A70 - (128GB, 3GB RAM) $89,
itel A70 - (256GB, 4GB RAM) $99
itel P40 (128GB, 4GB), (6000mAh) $99
itel P40 (64GB, 4G), (6000mAh) $93
LATEST:
itel S24 (128GB) $124 (108MP camera)
itel S24 (256GB) $159 (108MP camera)
Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.WhatsApp: 0783 450 793
In January, United Mutare Residents and Ratepayers Trust (UMRRT) lost a High Court suit to demand that council present audited accounts.
The court ruling stated that residents have nothing to with how the council uses money once it has collected it.
More: Daily News
Tags
0 Comments
Leave a Comment
Generate a Whatsapp MessageBuy Phones on Credit.
More Deals