Kochi Corporation Financial Statements Face Audit Scrutiny

An audit of the Kochi Corporation revealed some issues.

The income and expenses of She Lodge and the Centre for Heritage and Environment Development were missing.

Also, some loan repayments and prior period items weren't accurately accounted for.

The audit report found discrepancies in fixed deposits and investments.

There were also problems with how special grants were recorded and how revenue from different offices was tracked.

Essentially, the audit showed some inaccuracies and a lack of clear record-keeping in the Corporation's financial statements.