It’s that time of the year when the Auditor-General starts to probe whether municipalities and their entities such as the MBDA have done what they committed to do in the previous financial year, whether this was done lawfully and then determine whether to issue an audit opinion which describes the institution’s Annual Financial Statements as a fair reflection of the state of that institution. Such opinion can be what is often referred to as a clean audit on the one hand, or on the other hand, to issue a disclaimer which is an indication of an institution in disarray. The next article will explain the different audit outcomes, but it is very difficult to achieve a clean audit despite following the rules, whereas a disclaimer means that something serious is amiss.
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