A top international accountancy firm has been given the job of undertaking an independent review of the Rotorua District Council's finances.
Rotorua Mayor Steve Chadwick confirmed yesterday that PwC (formerly PricewaterhouseCoopers) will undertake an independent review into past Rotorua District Council financial disclosures after issues were revealed by the council's new chief financial officer. The report will cost between $40,000 and $45,000.
Mrs Chadwick said it was important the work was completed by an external firm so the findings could help council to move forward towards its shared vision for Rotorua 2030.
"PwC have a global reputation for completing thorough and impartial reviews and as a council we require just that so the past can be the past and we can then channel our efforts and resources into the present and future needs of this district."
Mrs Chadwick previously announced the review in response to public concerns about whether councillors had access to all financial information needed for making sound financial decisions and whether residents had access to enough information during annual planning processes.