Competition commission achieves only 56% of performance target

The Auditor-General has provided an unqualified audit opinion on the Namibian Competition Commission’s financial statements for the fiscal year ending March 31, 2024, confirming that the Commission’s financial records accurately represent its status in line with International Financial Reporting Standards.

Conducted in accordance with international auditing standards, the audit revealed no major issues with the Commission’s financial practices. The Auditor-General stated that he found ample audit evidence to support his conclusions and conducted the review independently, adhering to the Code of Ethics for Supreme Audit Institutions.

However, he pointed out that the Commission met only 56% of its annual key performance targets, successfully implementing 34 of the 61 planned objectives. He recommends that the Commission strive to achieve all performance targets by the end of each year to ensure alignment with its strategic goals.

In conclusion, while the Commission’s financial status is solid, there is potential for improvement in meeting all annual performance objectives.