211Annual audit

211 Annual audit (1) The auditor must, as soon as practicable after the council's annual financial statement is referred to the auditor for audit: (a) audit the statement; and (b) report to the council on the results of the audit and, in particular, on any material irregularity in the council's accounting practices or the management of the council's financial affairs identified in the course of the audit; and (c) report to the Minister and the ICAC on any evidence found in the course of the audit of a contravention of the law or serious financial irregularity; and (d) if the results of the audit provide for a disclaimer of opinion – provide a copy of the report of the results of the audit to the Minister. (2) The audit is to be carried out in accordance with the Australian auditing standards and requirements prescribed by regulation. (3) The auditor's report mentioned in subsection (1)(b) must be tabled at the next meeting of the council.

Local Government Act 2019 121 (4) The CEO must prepare a report on any action to be taken to implement any of the auditor's recommendations as a result of the audit and table the report at the next meeting of the council. Australian auditing standards means the auditing standards in force under section 336 of the Corporations Act 2001.