Audit warning may affect shire budget

SHIRE of Toodyay has been officially warned of a significant adverse trend in its financial position.

The warning by independent auditors Moore Stephens (left) says key performance measurements in shire financial reports have failed to meet State Government audit standards for the past three years.

“In our opinion, there is a significant adverse trend in the financial position of the shire,” Moore Stephens auditor Wen-Shien Chai wrote in a management report addressing legal and regulatory requirements published on the last page of the shire’s latest annual report.

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