Forensic audit into Air Namibia's finances commenced in April

04 Jul 2013 12:50
WINDHOEK, 04 JUL (NAMPA) - The Minister of Works and Transport, Erkki Nghimtina has confirmed that a forensic audit into Air Namibia?s financial state of affairs has commenced, saying progress so far is ?quite satisfactory?.
The minister?s confirmation comes after questions posed to him by Rally for Democracy and Progress (RDP) Member of Parliament (MP) Anton von Wietersheim in Parliament last month.
The RDP MP asked the minister whether he could confirm to the National Assembly (NA) that the forensic audit into Air Namibia?s financial state of affairs had started, and whether its progress was satisfactory.
Von Wietersheim indicated that Nghimtina announced the forensic audit in response to his (Von Wietersheim?s) request for a parliamentary investigation into the national airliner?s finances.
Nghimtina responded to the RDP MP?s question in Parliament here on Thursday.
Local media reports earlier this year had it that the ailing national airliner had accumulated State financial aid of about N.dollars 3,6 billion. Von Wietersheim at the same time wanted to find out why Air Namibia could not be liquidated as it was keeping everyone, particularly its employees, in suspense about its future.
?The forensic audit at Air Namibia commenced on 08 April 2013 and the progress is quite satisfactory. The Air Namibia Board of Directors has appointed Deloitte Namibia, the successful bidder out of five tenderers,? Nghimtina indicated.
The minister explained that a draft report of the audit was submitted to the airliner?s management by the auditors on 25 June this year, and that discussions between the two groups also took place on 27 June.
He added that the Air Namibia management is further expected to provide its comments to Deloitte by 05 July 2013.
?If convinced, Deloitte will then update the report by incorporating those comments and submit the final report to the Board of Air Namibia on 15 July 2013,? he pointed out.
Nghimtina then noted that taking into account that the Board might need some time to study the report, he expects it to be handed over to him as soon as the Board has studied it.