Report finds 'significant mistakes' made at Woking Council
A report was released earlier.
The MP for Woking says he welcomes the publication of Grant Thornton’s report into Woking council.
Will Forster stated since the Lib Dems gained control earlier this year "we have been focused on tackling the severe financial challenges inherited from the previous administration."
The report found there had been long and atypical history of borrowing. It also stated that accounting practice and systems were poor.
Grant Thornton's report said: "There was a lack of commercial knowledge and specialist legal knowledge within the council.
"Accounting practice and systems were poor and significant mistakes were made which led to the lack of an accurate picture of the council’s true financial position."