Audit backflip 'a bit strange'

I find the backflip regarding the finances of the former Gosford Council a bit strange.

To say when the books were first looked at over 12 months ago that the Council had a total of $1.39 billion in over valuation of its assets, and now to come and state that there were only "minor errors" within the financials and all is good with the world with the late Gosford Council books looks to the average person on the Coast a bit suss.

How can an auditing firm look at the books once and say that there were over-valued assets then look at them again and do "sampling" then come back and say everything is all good?

I still wonder, as this article doesn't state anything about it, where are the library funds?

No one has said anything about this. Why?

Email, 12 Apr 2018

Carl Veugen, Umina