Victoria’s auditor general’s office has released a report on the outcomes from the latest round of audits of councils and local government agencies, and noted an increased number of errors in council financial reports
At the end of January, one council’s financial report and performance statement was still in progress, along with 7 agencies’ financial reports.
10 councils did not finalise their reports by 31st October, which meant their annual report could not be presented at a council meeting by the legislated date. A further 9 did not have audit opinions finalised in time.
VAGO says the reasons for timelines not being met included a nationwide shortage of finance and accounting professionals, and of auditors, affecting the timing of the execution of audits.
Staff turnover at councils was also said to be a factor.
The VAGO report includes details of an increased number of errors in council financial reports.