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Accounting firm commissioned for independent review

News Release 

Wednesday 26 February 2014

Accounting firm commissioned for independent review

Rotorua mayor Steve Chadwick has confirmed that PwC (formerly PricewaterhouseCoopers) will undertake an independent review into past Rotorua District Council financial disclosures.

Mrs Chadwick said it was important that the work was completed by an external firm of the standing of PwC so the findings could enable the current council and organisation to move forward towards its shared vision of Rotorua 2030.

“PwC have a global reputation for completing thorough and impartial reviews and as a council we require just that, so the past can be the past and we can then channel our efforts and resources into the present and future needs of this district.”

Mrs Chadwick previously announced the review in response to public concerns over whether councillors had in the past had access to all the financial information they needed for making sound strategic financial decisions, and whether residents had access to enough information during annual planning processes.

The scope of the review is to investigate the adequacy of past financial disclosures made to elected members, and those made to the public during long-term plan and annual plan processes, and will cover the last two years. It will also seek comment on the framework proposed by current management to control council’s finances and reporting procedures.

RDC chief executive Geoff Williams said the final report will cost between $40,000 and $45,000. It is expected to be back to the mayor and councillors before the end of the financial year and the outcomes of the report would be made public.

ENDS

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