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Victorian Auditor-General's Office - Local Government Audit

From Glenn Kallio, City of Ballarat's Director of Business Services

 

"The item identified in the VAGO report relates to the valuation of infrastructure assets. This year, VAGO has changed its interpretation of the accounting standards. The City of Ballarat has a different interpretation to the current auditors, which the previous auditors had accepted. It represents no financial risk to Council.”