Thursday, May 12, 2011

Governance and accountability 'weak' in public audit


LOCAL GOVERNMENT audit committees are weak in terms of public accountability and promoting good governance, a new survey has found.

Public finance institute CIPFA questioned heads of local government audit and found their confidence was lacking in these areas, with only 15% describing their public accountability as "very effective".

This compares to more than 50% who said they perform strongly in supporting internal and external audit processes.

See full Article.