Mandela Bay Development Agency | Nelson Mandela Bay | Port Elizabeth | Uitenhage | Despatch | South Africa
Mandela Bay Development Agency | Nelson Mandela Bay | Port Elizabeth | Uitenhage | Despatch | South Africa
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Mandela Bay Development Agency | Nelson Mandela Bay | Port Elizabeth | Uitenhage | Despatch | South Africa


  Clean Audit Report for MBDA, second year in a Row (published by Metro News)

2015-01-20 01:18:28 PM

The Mandela Bay Development Agency (MBDA) has achieved a clean audit for the second year in succession.

In his report, the AG said the financial statements of the MBDA “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 Recognized Accounting Practice (GRAP) and the requirements of the Municipal Finance Management Act and Companies Act”.

In his General Report on the Audit Outcomes of Local Government 2013/13 published last year, the AG stated that the MBDA was the only municipal entity “that has sustainable governance controls and a control environment supporting continued clean administration and good govern-ance. “This environment enhances the credi-bility of information used for enforcing accountability. “These best practices can be copied not only by other agencies but by the metro as well.”