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Three Clean Audits in a Row for George!

George Municipality is proud to have received our third consecutive Clean Audit for 2022/23 financial year. Municipal Manager, Dr Michele Gratz noted that a clean audit is based on 3 pillars, namely compliance with legislation, performance outcomes and financial processes. “All of our municipal officials therefore play a role in ensuring that all three aspects are performed to the satisfaction of the Auditor-General.  A special thanks to the CFO and his team and all of our officials for this great team effort. This is George’s 3rd consecutive clean audit, and we strive to maintain this standard going forward”.

Executive Mayor, Leon Van Wyk extended his congratulations to the Municipal Manager, chief financial officer and the entire team involved in once again achieving the clean audit on behalf of Council. “ We are very proud of the perseverance and tenacity of our team as the accounting treatment and technical interpretations and requirements have become more complex over the past decade, especially so for large municipalities.”

Qualified Opinion – An isolated account/s balance/s or disclosure note may contain material misstatements as indicated in the audit report, but except for the qualification areas highlighted, the financial statements present fairly, or give a true and fair view, of the financial affairs of the municipality.

Unqualified Opinion– Is also known is an unmodified opinion. Unmodified opinions are expressed by the auditor when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework. Therefore, the financial statements contain no material misstatements, but some findings may have been raised on either reporting on predetermined objectives or non-compliance with legislation, or both.

Clean Audit – The financial statements are free from material misstatements (in other words, a financially unqualified audit opinion) and there are no material findings on reporting on performance objectives or non-compliance with legislation.