Latest news with #OfficeoftheAuditor-General
1News
29-05-2025
- Business
- 1News
Almost $365,000 misappropriated by one person at Dunedin school
A Dunedin high school has revealed close to $365,000 was misappropriated by one person over five years. Logan Park High School emailed parents on Thursday "in the interests of transparency" after an external accountant first discovered the missing funds last year. It happened between 2019 and 2024. The school's board of trustees said it was an isolated incident involving one individual and a thorough review had been conducted. "It's important to note that this matter has now been fully resolved, and we want to share the outcome with our whānau to reassure you that, moving forward, our systems and processes are robust," the board said. ADVERTISEMENT The misappropriated funds had been full recovered along with legal and accounting costs, but the board said it had to wait until after the investigation and audit were completed before disclosing what happened to ensure due process was followed. The audit process had recently been signed off and the total amount of $364,884 (GST inclusive) was published in the 2023 full Annual Report. The board acknowledged the news might come as a surprise, but said the Office of the Auditor-General has been consulted and the financial risk to the school as a result of this issue had been eliminated. "After uncovering the issue, we identified necessary improvements and changes to our processes, which were implemented immediately in 2024 to strengthen our internal policies and ensure that this won't happen again," the board said. "This includes third-party professional support." The board thanked its staff for their willingness to assist, saying their cooperation had been invaluable in helping it to resolve the matter and strengthen the school's financial safeguards. "We have fully cooperated with the audit process throughout and remain committed to upholding the highest standards of integrity in our school's financial management," the board said. ADVERTISEMENT "The school has remained in a stable and secure financial position throughout this period." The Ministry of Education's Acting Hautū Te Tai Runga, Andrea Williams, said the ministry was aware of the matter and would be working with the school to better understand the processes they followed. Police would not confirm if they were involved.
West Australian
26-05-2025
- Business
- West Australian
Shire of Dardanup recognised as a best practice entity in financial reporting for second year running
For the second consecutive year, the Shire of Dardanup has been recognised as a best practice entity in financial reporting by the Office of the Auditor-General. The accolade — awarded for work during the the 2023-24 financial year — comes from the OAG's annual Local Government Financial Audit Results report, which reviewed the financial reporting practices of 135 local governments across WA. The Shire of Dardanup was one of 19 local governments recognised for financial reporting, and the only one in the South West. The criteria for a best practice entity includes the timelessness of a chief executive-certified financial report, the quality of financial report, the quality of working papers supporting the report and the management resolution of accounting matters. It also includes the availability of key staff during the audit, the number and significance of management letter findings and the achievement of a clear audit opinion. Shire president Tyrrell Gardiner said the significant achievement highlighted the shire's continued excellence in financial management that reflects the 'professionalism, integrity and dedication of the entire organisation'. 'To be recognised as a best practice entity for a second year in a row is a big deal — it reflects our organisation's consistent commitment to the highest standards of financial governance,' he said. 'This outcome is not just a win for our finance and governance team, but for our entire shire. It's a shared success that every staff member and community stakeholder can be proud of.'
