S.L. 363.2 Art. 10Value for money audit.

(1) At the request of the Auditor General or as stipulated in the audit procedures, auditors shall conduct a value for money audit on whether the Council has made the proper arrangements for securing economy, efficiency and effectiveness related to any or all of the following:

(a) Council organisation structure;

(b) policies and practices;

(c) systems and procedures;

(d) human, financial and physical resources;

(e) indicators to measure performance of cost, economy, efficiency and effectiveness.

(2) Based on the findings resulting from the value for money audit, the auditors shall make recommendations to the Council with the aim of improving overall operational performance and value of the Council to the public.

(3) The Mayor shall submit a copy of the value for money audit findings and recommendations to the Minister and the Auditor General within two weeks from receipt.