LOCAL GOVERNMENT ACT 1993 - SECT 416
Time for preparation and auditing of financial reports
LOCAL GOVERNMENT ACT 1993 - SECT 416
Time for preparation and auditing of financial reports
416 Time for preparation and auditing of financial reports
(1) A council's
financial reports for a year must be prepared and audited within the period of
4 months after the end of that year.
(2) A council may from time to time
apply to the Departmental Chief Executive for an extension of that period.
(3) A council must make such an application if requested to do so by its
auditor.
(4) Before deciding whether or not to grant an extension, the
Departmental Chief Executive may require the council to give reasons,
additional to those set out in the application, as to why the extension should
be granted.
(5) The Departmental Chief Executive may grant an extension of
such period as, in the opinion of the Departmental Chief Executive, is
necessary in the particular circumstances of the case.
(6) A council must
notify its auditor of any application for an extension made under this section
and of the outcome of the application.
