City receives clean audit from AG




City receives clean audit from AG

The City of Cape Town has fulfilled its commitment to our residents to be a well-run city by receiving a clean audit finding from the South African Auditor-General for the 2012/13 Financial Year. Read more below:

This is the tenth consecutive year that the City of Cape Town has received an unqualified audit – a record for a Metropolitan Council in South Africa.

‘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. A clean audit means that the Auditor-General believes that the City’s books are sound and that every cent that has been spent can be accounted for, that our performance report is credible, and that the City has 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. The Auditor-General’s report, sent to the City today, underscores this understanding,’ said the City’s Executive Deputy Mayor and Mayoral Committee Member for Finance, Alderman Ian Neilson.

In his audit findings for the 2012/13 financial year, the Auditor-General has found that the City’s financial statements present fairly, in all material respects, the financial position and the financial performance of the City of Cape Town as at 30 June 2013.

He 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.