City of Cape Town: only metro to receive a clean audit for 2012/2013 financial year
South Africa's Auditor-General (AG), Kimi Makwetu, today released the audit results of the country's municipalities for the 2012/13 financial year. Cape Town was named as the ONLY metro in South Africa to achieve a clean audit. Read more below:
At the briefing, Makwetu praised Cape Town and others who achieved clean audits, saying their accountable management and leadership meant that they could provide additional evidence to support their financial statements.
He said that the group had demonstrated ‘impeccable levels of discipline and oversight' in their financial management and operational activities.
The City of Cape Town has, in achieving our 10th unqualified audit, fulfilled a commitment to our residents to building a well-run city.
Overall, the Western Cape's Municipal Finance Management Act (MFMA) 2012-13 audit outcomes improved significantly, compared to the previous year. This is a direct reflection on the City of Cape Town, as the metro accounts for 70% of the overall total expenditure for the Western Cape municipalities.