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Accounting & Auditing News South Africa

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    Knysna gets clean audit

    The Knysna municipality in the Western Cape has received a clean audit, municipal manager Lauren Waring said.
    Knysna has achieved a clean audit from Ernst & Young. Image: Wiki Images
    Knysna has achieved a clean audit from Ernst & Young. Image: Wiki Images

    "[While] the clean audit is an outstanding achievement for the municipality, these are objectives we strive to achieve as a matter of course in the day-to-day workings of the municipality, rather than a pursuit to just tick the boxes," she said.

    "Overall, we are satisfied with the municipality's achievements. Despite the harsh socio-economic circumstances, we will continue to pursue this objective in coming years," she added.

    A clean audit indicated strong financial management, sound internal controls and a robust budgeting process.

    The Knysna municipality's audit was performed by Ernst & Young and the results were released on Tuesday (3 December).

    Source: Sapa via I-Net Bridge

    Source: I-Net Bridge

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