Audited local government financial statements

Last updated on December 1, 2022

Audited financial statements provide a consolidated and independently verified overview of a local government's a financial activities over the course of the previous fiscal year and its financial position at the end of that year. This provides enhanced transparency and public accountability of local government financial affairs.

Financial statements must be prepared annually by the local government's chief financial officer in accordance with Generally Accepted Accounting Principles for Local Government, and must be independently audited by a qualified and authorized auditor under the Business Corporations Act . The auditor reports directly to the local government council or board and provides an audit opinion on the statements.

Once completed, the audited financial statements must be available for public inspection and a copy of the statements must be provided to the Inspector of Municipalities by May 15 each year.

Contact information

Contact us if you have questions about audited financial statements.

Victoria Office
250 387-4060
Toll Free
1 800 663-7867
Infrastructure and Finance Branch
Victoria, BC