Auditor-General releases NSW local government report
The New South Wales Auditor-General has released her report into the state’s Local Government sector, concluding that councils across the state need to improve the overall quality of financial reporting and identify ways to mitigate risk.
‘While more councils lodged their financial statements by the statutory deadline, we continue to identify opportunities for councils to improve the quality of their financial reporting’, the Auditor-General Margaret Crawford said.
The report also provides insights into the effectiveness of controls and governance processes across the Local Government sector.
‘It is pleasing to see an increase in the number of councils with an audit, risk and improvement committee and internal audit function’, the Auditor-General said.
The report also identified opportunity for councils to improve policies and practices around information technology, asset management and procurement.
The full report can be found here