. A target was also set at 90 per cent for auditing and submission of MFMA audit reports to comply with statutory and legislative deadlines by the AGSA. The AGSA exceeded the target by 7 per cent as completed 97 per cent of MFMA audits within the legislated timeframe. Achievement of this target is indicated by a number of audits that were completed and submitted to the accounting officers within three months of receipt of the municipal financial statements by the AGSA as required by section 126(3) of the MFMA.