International Public Sector Accounting Standards

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 […]

October 31, 2024 10

Namibia

City of Windhoek addresses media report

In response to a recent article published in the New Era newspaper on February 19, 2024, the City of Windhoek has issued a statement expressing concern over what it called “sensationalized and unfortunate journalism”. The article in question referenced an audit report highlighting historic financial matters dating back to the financial year ending June 30, 2021. While acknowledging the significance of the report, CEO Moses Matyayi pointed out that this […]

February 21, 2024 9