SASSA Audit Gets Disclaimer
The South African Social Security Agency (SASSA), which distributes social grants to more than 14 million people, has received a disclaimer from the Auditor-General, due to poor record-keeping in the past financial year.
The agency’s 2009-10 annual report was only filed in Parliament last week, several months after its due date. The financial statements were submitted to Auditor-General’s office only in August last year, instead of before May 31 as required by law.
A disclaimer is the worst audit opinion on financial statements. It means there is not sufficient evidence to provide a basis for an audit opinion.
To read the article titled, “Social security agency audit gets disclaimer,” click here.
The agency’s 2009-10 annual report was only filed in Parliament last week, several months after its due date. The financial statements were submitted to Auditor-General’s office only in August last year, instead of before May 31 as required by law.
A disclaimer is the worst audit opinion on financial statements. It means there is not sufficient evidence to provide a basis for an audit opinion.
To read the article titled, “Social security agency audit gets disclaimer,” click here.
Source:
Business Day
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