LTCCP: AUDIT PORKIES

The Nelson City council is mounting such a desperate rearguard defence of its imprudent debt and mortgage holiday policies, that it has got so many squadrons of flying porkies airborne, that the sky is pink with them; and leading that airborne armada is the chief porky that claims the auditors have given approval to those ruinous policies.
Yes the auditors have audited the LTCCP, but that audit is not a normal audit. It is a special type of audit examining assurance engagements, which the auditors have most significantly plastered two major disclaimers all over.
Those two audit disclaimers explicitly state,

"It is not our responsibility to express an opinion on the merits of any policy content within [the LTCCP]."
"We do not guarantee complete accuracy of the information in [the LTCCP]."

Thus for council to claim that some form of inherent acceptance or approval of those debt and mortgage holiday polices, is built into or intrinisic to that audit, is just palpable nonsense.
For a lay Council to so radically reject and depart from such universally established economic thinking, on debt and mortgage holidays, without taking any appropriate economic advice; is by definition grossly imprudent and negligent.
Further if council really think, that their radical rejection of accepted economic thinking is actually approved by the auditors, then they need to sack them and find themselves some new auditors who understand the definition of prudent.