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 […] today31 October, 2024
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 […] today31 October, 2024
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 […] today31 October, 2024
