Document: Municipal Clean Audit Efficiency Series - Financial Management

Description

 

During the 2010/2011 financial year only 13 of the 283 municipalities in South Africa (including district municipalities and metros) achieved clean audits.
 
The reasons for this poor state of affairs are complex, but one key causal factor is that the basic principles of good financial management are not adhered to. Several of the major challenges identified by the Auditor-General (AG) are listed below and can be directly linked to poor financial management.
Cover: Municipal Clean Audit Efficiency Series - Financial Management