Audit: Valka has spent more than it can afford

"Over a period of just under six months, the auditors sought to answer the question of whether the cause of Valka Municipality’s financial difficulties lay in the way the municipality organises its heating and water supply services. Having completed our work, we can answer: partly. The findings of the audit indicate that the root cause of the financial difficulties is poor financial management and a disorganised internal control system. And this cause has led to a whole series of consequen...