Municipality of Tsumeb

Tsumeb municipality books in a mess

Tsumeb municipality books in a mess

Obrein Simasiku The Municipality of Tsumeb is in a mess as its financial status could not be properly ascertained by the Auditor General because of a lack of documentation and unconvincing explanations of some of the irregular matters raised for the year 2020. “The auditors were unable to establish the accuracy, validity, physical existence, and condition of the Property, Plant, and Equipment, which had a net book value of N$79 379 051 (2020). This was due to the Municipality of Tsumeb failing to provide the auditors with a fixed asset register. The Municipality did not disclose its open lands in…
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