Region council financial reports improve: AG

25 Sep 2017 18:20pm
WINDHOEK, 25 SEP (NAMPA) - Financial statements submitted by Regional Councils (RCs) to the Office of the Auditor-General (OAG) since 2013 have improved.
Auditor General, Junias Kandjeke said this on Monday during the opening of a three-day consultative meeting with chief regional officers from all 14 regions.
The meeting was held to discuss challenges faced by both offices and to encourage the submission of financial statements on time, and look at how to improve them from disclaimer and unqualified audit opinions.
Kandjeke said the Erongo Region was the only one to have unqualified audit reports since 2013, which means their financial records and statements were fairly and appropriately presented.
The remaining 13 regions continued to fluctuate between qualified audit opinions, adverse opinion and disclaimer of opinion reports.
Adverse audit opinions are given to institutions whose financial statements are misrepresented while qualified opinions are given to institutions that have not maintained generally accepted accounting principles.
A disclaimer opinion is given to institutions where the auditors were not able to obtain sufficient appropriate evidence for the audit.
He further indicated that the Zambezi, Omaheke and Hardap regional councils were able to clear their audit reporting backlog of three years, putting their reports currently up to-date.
“When we audit your books, we need to project accountability through the process. The same is expected from you as the auditee, to understand that you are fully accountable for the way in which you appropriate the portion of State revenue funds that you receive annually,” Kandjeke said.
He also indicated that the Auditor General’s office is still experiencing challenges from regional councils in areas of valued added tax (VAT) returns; preparation of financial statements; and internal audit departments within councils that are not fully functional.
The meeting which ends on Wednesday is held under the theme, ‘Enhancing accountability through engaging with stakeholders’.