Auditor General has given the Aranos Town Council an adverse audit opinion as its financial statements

Auditor General Junias Kandjeke has given the Aranos Town Council an adverse audit opinion as its financial statements do not reflect the true and fair financial position of the institution.

The information is contained in the town council's auditor general report for the financial years ended 30 June 2017 and 2018, which were recently submitted to the National Assembly (NA) by Deputy Finance Minister, Natangwe Ithete.

Kandjeke based his adverse opinion on 17 discrepancies that his team uncovered when they visited the town council.

Chiefly, Kandjeke's officers found that the town council had unexplained opening balances in its income statement while it also does not have a financial reporting framework in place.

Another issue found is differences amounting to N.dollars 520 490 (in 2017) and N.dollars 1.8 million (in 2018) for value-added tax (VAT) receivable between the financial statements and the auditors' calculated balance.

Source: Namibia Press Agency