Local Government Act, 2001
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Audit procedure. |
118.—(1) The Minister may make regulations setting out the procedures to be followed by a local authority or other body and by a local government auditor in relation to the audit of accounts of the local authority or other body. | |
(2) Without prejudice to the generality of subsection (1), the regulations may provide for any or all of the following— | ||
(a) giving notice of the time and place for holding the audit; | ||
(b) adjournment of the audit; | ||
(c) public right of inspection of accounts; | ||
(d) amendment or correction of errors in the annual financial statement; | ||
(e) giving any member of the public a right to make an objection to the local government auditor concerning the accounts and the making of decisions on any such objections by the local government auditor; | ||
(f) completion of the audit by the local government auditor; | ||
(g) public notice of audited accounts; | ||
(h) fees or a scale of fees for audit services. | ||
(3) In the course of the audit of accounts of the local authority or other body, the local government auditor shall carry out such audit tests as he or she considers appropriate in order to be satisfied as to— | ||
(a) whether the annual financial statement is prepared in accordance with section 107 or with the accounting requirements otherwise applicable to the body concerned, | ||
(b) whether the annual financial statement presents fairly the financial position of the authority or other body and of its income and expenditure for the period in question, | ||
(c) whether the transactions of the audited body conform with the statutory or other authorisation under which they purport to have been carried out. |