DTA submits audit reports to NA

17 Nov 2016 18:20pm
WINDHOEK, 19 OCT (NAMPA) – The DTA of Namibia Thursday handed over audited financial statements for the 2014/15 financial year to the National Assembly (NA).
The DTA is the first political party to submit audited financial reports to Parliament.
Treasurer-General for the DTA, Nico Smit told a media conference on Thursday the party received the message from government to be transparent.
According to Smit, a total of N.dollars 5.1 million was given to the DTA of Namibia, which had to be accounted for in its financial statement.
This was done in accordance with the obligations placed on all political parties in the Electoral Act 5 of 2014, Section 158 which entails political parties to account for funds received, by preparing statements two months after the end of a financial year, which should be audited and submitted to the NA.
The party received an unqualified audited statement from the Office of the Auditor-General.
The party’s financial statements were received by the Secretary of the NA, Lydia Kandetu who confirmed that the DTA was the first political party to submit its statement to Parliament.
The audited statement will be tabled in the NA by Speaker of Parliament, Peter Katjavivi.
Smit added that the party’s financial statement for the financial year 2015/16 still had to be audited.
Eight political parties are represented in the NA.