SINGAPORE: All town councils have submitted unqualified financial statements for the previous financial year, except for Aljunied-Hougang Town Council (AHTC), said the Ministry of National Development (MND) on Monday (Nov 20).
AHTC's financial statements were qualified by the TC's external auditor, said MND in the press release.
"The auditor had issued disclaimers as it was unable to ascertain the TC’s opening balances, payables and accrued expenses, or verify staff costs."
"This is the sixth consecutive year that AHTC has received qualified financial statements from its external auditor," said MND.
MND also released the FY2016 Town Council Management Report which assesses their performance from April last year to March this year.
This is the first report for the town councils formed after the 2015 General Election and they were assessed under five indicators, using three colour bands.
Read more at http://www.channelnewsasia.com/news...tted-unqualified-financial-statements-9422866
AHTC's financial statements were qualified by the TC's external auditor, said MND in the press release.
"The auditor had issued disclaimers as it was unable to ascertain the TC’s opening balances, payables and accrued expenses, or verify staff costs."
"This is the sixth consecutive year that AHTC has received qualified financial statements from its external auditor," said MND.
MND also released the FY2016 Town Council Management Report which assesses their performance from April last year to March this year.
This is the first report for the town councils formed after the 2015 General Election and they were assessed under five indicators, using three colour bands.
Read more at http://www.channelnewsasia.com/news...tted-unqualified-financial-statements-9422866
