NIPAM hosts public sectors auditors conference

30 Sep 2019 17:10pm
WINDHOEK, 30 SEP (NAMPA) – The Namibia Institute of Public Administration and Management (NIPAM) is hosting a public sectors internal auditors conference under the theme 'Does accountability matter' from Monday to Wednesday.
The conference is being attended by chief regional officers, chief executive officers, managers and officials from regional councils and local authorities across the country.
In his keynote address at the opening of the event, Minister of Urban and Rural Development, Peya Mushelenga, said only three out of fourteen regional councils have unqualified financial audits for this financial year.
He further added that out of the 57 local authority councils in the country, none have managed to achieve the desired audit status.
An unqualified opinion is also known as a clean opinion and is given if the financial statements are presumed to be free from material misstatements.
Mushelenga said the main audit findings show poor record keeping and management, non-existence of fixed asset registers, poor stock control, poor budgetary control and improper revenue management as some of the reasons why regional councils and local authorities cannot be given clean audits.
He said that remedial measures recommended by the Office of the Auditor General are not being implemented at the councils and local authorities and it is worrisome that shortcomings persist.
Speaking at the same event, Maria Nangolo, Executive Director at NIPAM echoed the minister’s sentiments, also calling for fiscal accountability from public officials at regional and local authority level.
“The internal audit function is one of the strategic pillars of the effective organisational management and these are currently not functioning at the desired level,” she said, adding that there should be no more qualified audits.
A qualified opinion is given when an entity’s financial records have not followed the General Accepted Accounting Principles in all financial transactions.
(NAMPA)
VNV/HP/EK