Key findings of audit report presented

2015-06-24 06:00

IN the audit report that was conducted by the Development Bank of Southern Africa (DBSA) in 2011-’12, key findings include land and buildings not registered in the name of the municipality and incorrectly recognised as property, plant and ­equipment.

) The DBSA could not obtain sufficient appropriate evidence for rental facilities and equipment disclosed.

) It also could not obtain sufficient evidence for bulk purchases of R53 340 094.

) Through the audit increases in water and electricity losses of 60,3% and 14,17% respectively were discovered.

) The DBSA was unable to obtain the information and explanations considered necessary with respect to developments such as water, sanitation, roads and transport, electricity, land development, housing, health, refuse management and cemeteries

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