CCC CLEAN AUDIT
Christchurch City Council has received its first ‘‘clean’’ audit opinion since the earthquakes from Audit New Zealand and the Auditor-General for its 2017 Annual Report. Post-earthquake, the Council received modified audit reports due to issues determining the impact of earthquake damage on the value of its assets which prevented the Council from fully complying with accounting standards. Council resolved the last of these issues in 2017, and is now back on the same footing as other local authorities. The Council’s 2017 Annual Report shows it has total assets of $12.8 billion and total liabilities of $2.2 billion.