Auditor-General says it was difficult to audit Khorixas Town Council’s fixed assets register

WINDHOEK: The Office of the Auditor-General says it was difficult to audit the Khorixas Town Council’s fixed assets register as some of the assets were not recorded.

This is according to information contained in the Report of the Auditor-General on the Accounts of the Town Council of Khorixas for the financial year ended 30 June 2013, which was tabled by the Minister of Finance, Saara Kuugongelwa-Amadhila in the National Assembly last Thursday.

It also noted that the dates for new additions are not included on the fixed assets register.

Auditor-General, Junias Kandjeke said in his opinion, which forms part of the report, that he was unable to express an audit opinion due to reasons that the Value Added Tax (VAT) included in trade and other receivables is an amount of N.dollars 93 824 for VAT receivable, and no reconciliation of this amount could be provided to the auditors to verify the accuracy, existence and valuation of the amount.

He further observed that no supporting documents could be provided for the movement of Build-Together and Capital Reserve funds, hence the existence, accuracy and completeness of these funds could not be verified.

SOURCE: NAMPA