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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

VAT discrepancies

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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 8

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