The Mandela Bay Development Agency received yet another pat on the back from the auditor-general for keeping its books in order, earning the entity its second consecutive clean audit.
This is a huge feat for the flagship development entity of the Nelson Mandela Bay Municipality as it is the best opinion that can be awarded by the AG.
The opinion was based on the agency’s records for the 2013-14 financial year, which ended in June last year.
In the 2012-13 financial year, the MBDA was also given the all-clear, following eight unqualified audits since it was established.
The report states: “In my opinion, the financial statements present fairly, in all material respects, the financial position of the MBDA as at June 2014 and their financial performance and cash flows for the year then ended, in accordance with the SA Standards of Generally Recognised Accounting Practice (GRAP) and the requirements of the Municipal Finance Management Act and Companies Act.”
MBDA chief executive Pierre Voges said the totally clean bill of health was achieved through its “sound internal controls, systems, policies and procedures”.
-Rochelle de Kock
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