09 Mar 2019 10:30am
WINDHOEK, 09 MAR (NAMPA) Auditor General Junias Kandjeke has issued a disclaimer audit opinion for the Tses Village Council for its failure to provide sufficient and appropriate evidence to account for N.dollars 8.9 million.
This information is contained in the councils audit report for the financial year that ended 30 June 2016, which was submitted to the National Assembly by Finance Deputy Minister Natangwe Ithete on Thursday.
In the report, Kandjeke identified 10 accounting faults in the books of the council, on which he based his audit opinion.
A disclaimed opinion is given to institutions where the auditors were not able to obtain sufficient appropriate evidence for the audit.
Tses Village Council, among other things understated its provision for doubtful debts by N.dollars 4.3 million.
It could also not provide the auditors with supporting documents for housing loans amounting to N.dollars 1.6 million, the report indicates.
In addition, documentation was not availed to support temporary advance revenue amounting to N.dollars 629 253.
During the financial year under review, the institution failed to file supporting documentation for expenditure to the tune of N.dollars 1.1 million.
Meanwhile, N.dollars 522 088 in misstated revenue was recorded, while a cash flow statement was not submitted.
Assets and value added tax were misstated with N.dollars 247 825 and N.dollars 242 279 respectively.
Additionally, there is an incomplete asset register.
I have not been able to obtain sufficient appropriate audit evidence. Accordingly, I do not express an opinion on the financial statements, Kandjeke is quoted as saying in the report.
Tses is a village in the //Kharas Region, in southern Namibia.