How does a Council lose 150 cars?

NewstalkZB reports:

The Dunedin City Council has laid a complaint with police following an internal investigation into alleged fraud.

Council CEO Sue Bidrose says the fraud totals more than 1.5 million dollars and centres around the sale of more than 150 vehicles from the council fleet.

Citifleet team leader Brent Bachop died in May, Deloitte was engaged by the council two days after his death, when staff identified apparent discrepancies in the fleet.

This is almost unbelievable. Auditors can’t and are not expected to pick everything up, but checking the fixed assets schedule against the actual assets is pretty routine.