Council's housing stock underestimate delayed accounts

摘要

Northampton BC undervalued its housing stock by £86.7m, contributing to a delay of more than a year in completing its accounts. An external audit by KPMG of the council's accounts for 2016/17 was last week finally approved by councillors. The delay is expected to increase the costs of the audit to more than £300,000, compared to an original estimate of £80,000.