Financial reporting under the Municipal Finance Management Act is regressing, Auditor-General Tsakani Maluleke told Parliament yesterday while delivering the 2022/23 municipal audit outcomes. Fruitless and wasteful expenditure stands at R7.41-billion – up from R4.89-billion in 2021/22 – while unauthorised expenditure is at R24.12-billion. And only 34 of the 257 that were audited for the 2022/23 financial year achieved clean audits.
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