LOCAL GOVERNMENT ACT 1993 - SECT 412
Accounting records
LOCAL GOVERNMENT ACT 1993 - SECT 412
Accounting records
412 Accounting records
(1) A council must keep such accounting records as
are necessary to correctly record and explain its financial transactions and
its financial position.
(2) In particular, a council must keep its accounting
records in a manner and form that facilitate--
(a) the preparation of
financial reports that present fairly its financial position and the results
of its operations, and
(b) the convenient and proper auditing of those
reports.
