insert_link South Africa Parliament’s Scopa to Call Defence Minister Over Audit Concerns Parliament’s standing committee on Public Accounts has resolved to call minister of Defence and Military Veterans, Angie Motshekga, to respond to issues emanating from the department’s 2023/2024 financial year audit outcomes. The Auditor-General briefed Scopa on the department's audit outcomes and Denel's. Scopa chairperson, Songezo Zibi, says of concern is a string of material irregularities in which senior officials failed to hold those responsible accountable either for maladministration, misconduct, or […] todayNovember 20, 2024 9
insert_link Interview Transcripts INTERVIEW: Business and Economics Researcher Josef Sheehama on Local Authorities and Audits Business and economics researcher Josef Sheehama recently shared his insights on the ongoing challenges faced by local authorities in Namibia, particularly regarding audits, financial mismanagement, and poor service delivery. Speaking in a recent interview, Sheehama emphasized the long-standing issues that have plagued local authorities and the steps being taken to address them. Sheehama pointed out that the frustration surrounding local authorities isn't a recent development. "This has been an […] todayNovember 11, 2024 10
insert_link Namibia Nkurenkuru Town Council Receives Adverse Audit Report Amid Financial Irregularities The Auditor-General’s latest report on the Nkurenkuru Town Council has issued an adverse audit opinion for the financial year ending 30 June 2023. Key findings include improper revenue recognition for land sales, overstatements in infrastructure projects, VAT discrepancies, and issues with trade receivables. Additionally, the Council implemented a travel allowance policy against ministerial advice. Recommendations were given to improve compliance with accounting standards and ensure accurate financial reporting. todayNovember 1, 2024 9
insert_link Namibia 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 […] todayOctober 31, 2024 26
insert_link 2 Namibia Auditor-General’s Report Flags Major Financial Issues at the Municipality of Windhoek The Auditor-General’s report on Windhoek Municipality’s 2022 and 2023 finances, highlights major concerns, resulting in a disclaimer of opinion. Key issues include missing accounting policies for public-private partnerships, unapproved salary increases, incomplete land records, and possible data manipulation. With liabilities exceeding assets by over 723 million dollars, the Municipality faces serious solvency risks. The report warns these issues could impact service delivery, urging stricter controls and a financial recovery plan. todayOctober 31, 2024 45 2
insert_link Namibia Auditor-General Issues Qualified Opinion on Mariental Municipality’s Financial Statements The Auditor-General's report on the Municipality of Mariental for the financial year ending June 30, 2023, has issued a qualified opinion on its financial statements. The report identifies discrepancies in accounting for bulk purchases of water and electricity, resulting in misstatements of approximately 2.4 million Namibian dollars for water and 11.4 million for electricity due to reliance on payment-based rather than accrual-based accounting. Despite these issues, the Auditor-General affirms that […] todayOctober 31, 2024 8
insert_link Namibia Ondangwa Town Council Faces Compliance Issues and Performance Management Challenges The Auditor-General, Junias Etuna Kandjeke, found major compliance issues in the Ondangwa Town Council's financial statements for the year ending June 30, 2023. The council failed to adhere to the Local Authorities Act and improperly implemented a new travel policy without ministerial approval, leading to over N$ 1.2 million in improper payments. Additionally, the audit revealed weaknesses in measuring key performance indicators and a lack of individual performance […] todayOctober 31, 2024 11
insert_link South Africa S.A’s Auditor-General Reports Over R3.48 Billion in Wasteful Expenditure by Government Departments The South African Office of the Auditor-General says over the last five years, 36 government departments incurred irregular and wasteful expenditures of 1.48-billion-rand. State-owned entities incurred more than two-billion-rand. The departments of Forestry, Fisheries and the Environment, Basic Education, Police, Tourism, and Treasury were some of the big contributors to wasteful and irregular expenditure. AG's head of audit, Bongi Ngoma, told Parliament’s standing committee on Appropriations, that some of […] todayOctober 23, 2024 10