Rédaction Africa Links 24 with Donald Matthys
Published on 2024-03-27 13:00:00
The auditor general’s report on the Namibia Central Intelligence Service (NCIS) has highlighted various issues, including overestimation of revenue and unaccounted-for subsistence and travel (S&T) allowances. The report, covering the period ending on 31 March 2023, revealed an outstanding amount of N$37,172 in S&T.
One of the concerns raised by auditor general (AG) Junias Kandjeke was the discrepancy in revenue estimation by the NCIS. While there was a positive variance in interest received, totaling N$2.5 million, there was also a negative variance of N$470,000 attributed to the sale of service properties.
Kandjeke explained, “The service recorded a negative variance of N$470,000 from sales of service properties, because approval to dispose of vehicles at external stations was granted towards the end of the financial year, due to outstanding valuations, thus no sales took place.”
The operational expenditure of the NCIS increased by 8.2% compared to the previous financial year. Additionally, the department reported substantial miscellaneous revenue of N$14.2 million, with total revenue amounting to N$19 million, a significant increase from N$3 million in the previous year.
The AG also reported that a total amount of N$4.6 million was viremented among various standard subdivisions during the review period. Furthermore, the NCIS spent N$843,600 on bursary and study assistance for 43 bursary holders.
During the review period, the NCIS conducted 18 financial and asset inspections at its offices, stations, and regional offices. Kandjeke awarded the service an unqualified audit opinion, signifying that the financial statements are reliable and compliant with the necessary standards.
Kandjeke stated, “Key audit matters are those matters that, in my professional judgment, were of most significance in my audit of the financial statements of the current period. I have determined that there were no key audit matters to communicate in my report.”
In conclusion, the audit report on the NCIS highlighted both positive and negative variances in revenue estimation, as well as concerns regarding unaccounted-for S&T allowances. The service received an unqualified audit opinion, affirming the reliability and compliance of its financial statements. The NCIS’s efforts in conducting financial and asset inspections demonstrate a commitment to transparency and accountability in its operations. Overall, the auditor general’s report serves as a valuable tool for identifying areas of improvement and ensuring the effective management of resources within the NCIS.
Read the original article on The Namibian
