24
Sep
Obrein Simasiku The Auditor General could not establish the accuracy, validity and physical existence and condition of the property, plant and equipment for the Katima Mulilo Town Council (KMTC), which had a net value N$66 642 381. In addition, the auditors could not obtain any audit evidence to verify the Build Together loans of N$2 891 241, said Junias Kandjeke, giving KMTC an Adverse Audit Opinion for the 2019 financial year. “This was due to the Katima Mulilo Town Council failing to provide the auditors with an appropriate fixed asset register. It is recommended that the Council update and maintain…