n IMFO : Official Journal of the Institute of Municipal Finance Officers - Mitigating financial risk : how can the audit committee assist?




With the recent spate of financial irregularities and audit qualifications that is plaguing Municipalities it is concerning to note that with all the governance and legislation in place, Municipalities are still grappling with financial performance and governance issues.

Interestingly though, many have Audit Committees in place and yet these Committees seems to be paralysed in making a difference to the financial well being and performance of the Municipality they serve.


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