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'If the money has not yet been stolen, then the environment is fertile for those that are planning to take it next week,' says Auditor General Kimi Makwetu.
In his audit report, Auditor General Kimi Makwetu said he could not find adequate evidence in the financial statements of the Unemployment Insurance Fund to substantiate figures related to line items including investment, impairments and unlisted instruments.
Auditor-General Kimi Makwetu has called on the provincial leadership and legislatures to pay attention to improving the audit outcomes in the provinces.
In the 2018/19 financial year, less than a quarter of audited government departments and public entities achieved clean audits.
The Auditor General has been given more teeth, and should be allowed to use them, Parliament’s Standing Committee on Public Accounts and the Standing Committee on the Auditor General have said.
Auditor-General Kimi Makwetu has raised concerns about how his team faced threats and intimidation while conducting their audit work in different municipalities throughout the country.
Approximately 93% of irregular expenditure in government departments and entities has never been followed up on, according to the Auditor General’s office.
The Auditor General will now be able to compel accounting officers to implement remedial action recommended to rectify financial irregularities.
Scopa and SCOA have called for accountability from those failing in their duties, after just 25% of 434 audited government departments and state-owned enterprises received clean audits compared to 34% last year.
After scrambling to find funding to make up for losses of R6bn, Sanral has reportedly started issuing summonses motorists in the province who have defaulted on their toll debt.
Auditor General Kimi Makwetu said auditors and other staff in the AG's offices have had to endure stressful conditions, including bribes and intimidation.
Auditor General Kimi Makwetu has revealed the "disappointing" audit results for national and provincial governments for the 2018/2019 financial year.
SA Express reported a net loss of R590m in the financial year ended in March 2019 and a net current liability position of R374m.
State-owned enterprises are increasingly relying on government guarantees to secure loans.
Auditor-General Kimi Makwetu has released the 2017/2018 municipal audit report in Pretoria.
Corrupt auditors did substantial damage to the country. The profession as a whole can help fix that, says Solly Moeng.
The Auditor-General of South Africa has found R2.5bn fruitless and wasteful expenditure in South African state departments and state-owned entities, and irregular expenditure of R5.1bn for the 2017-'18 financial year.
Auditor General Kimi Makwetu has given Prasa a qualified audit opinion on its latest annual report and financial statements, saying he is uncertain Prasa can continue as a going concern.
Auditor General Kimi Makwetu has called for tighter controls in the financial sector, lamenting high rates of irregular spend.
Nedlac has been slapped with a qualified audit opinion in its annual report after incurring some R1m in irregular expenditure and not initially disclosing it in line with the PFMA, says the Auditor General.
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