Significant delays in financial statement submissions by school boards
March 12, 2026
The Audit Office revealed that 59 School Boards have total pending financial statements amounting to 501 years. Delays are also affecting municipalities and communities, with notable examples including a 24-year delay from Kyperounda and a 23-year delay from the Community Councils of Palaiokori and Oraine. Overall, 653 organizations have 6,734 pending audit cases for the period 1995-2023. Of these, 5,449 statements have not been audited by private auditors. This situation is highlighted by the Auditor General as concerning and requires immediate intervention.