The Auditor-General has identified significant areas for improvement in a major joint venture operation, calling for enhanced governance and accountability measures.
In a comprehensive audit report released today, the Auditor-General highlighted several key concerns about the joint venture's performance and management practices.
"While the joint venture has made some progress, there are fundamental issues that need to be addressed to ensure better outcomes for New Zealanders," the Auditor-General said.
Key findings include:
- Insufficient governance oversight and accountability
- Inadequate risk management processes
- Poor performance monitoring and reporting
- Limited transparency in decision-making
The report makes several recommendations for improvement, including:
- Strengthening governance structures
- Implementing better risk management frameworks
- Improving performance measurement and reporting
- Enhancing transparency and public accountability
The Auditor-General has called on the relevant agencies to implement these recommendations as a matter of priority.
"These improvements are essential to ensure the joint venture delivers value for money and achieves its intended outcomes," the Auditor-General said.