The National Treasury FY 2016/2017 Major Audit Issues Arising

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Presentation transcript:

The National Treasury FY 2016/2017 Major Audit Issues Arising

Cash and bank balances issues; Unsupported cash book balances Exchequer, Banking and Cash Management Audit Issues among MDAs in FY 2016/2017 Cash and bank balances issues; Unsupported cash book balances Unsurrendered revenue to the Exchequer as at 30 June 2017. Unsupported revenue Non collection of long outstanding arrears of revenue Special Deposit accounts reconciliation Non-submission of special deposit account statement Non-sanctioned reallocation of project funds Exchequer, Banking and Cash Management Audit Issues among MDAs in FY 2016/2017

Procurement Audit Issues for among MDAs in FY 2016/2017 Non Compliance with Public Procurement and Disposal Act Inspection and acceptance certificates not availed for audit review Unjustified contract variations Unjustified payment to contractor’s despite poor performance Alterations to tender documents Purchases in excess of authorized ceiling Quotation of higher than market prices Unauthorised procurement of goods and services Awarding of contract without technical evaluation Direct Procurement of Goods and Services Procurement Audit Issues for among MDAs in FY 2016/2017

Imprest Accounting Audit Issues among MDAs in FY 2016/2017 Unaccounted for Imprest/ Advances Long Outstanding Imprest/ Advances Direct expenditure using Imprest without proper authorization Overpayment of Imprest Unrecovered salary overpayments. Unaccounted for District Expenditure Irregular use of District Suspense Account Imprest Accounting Audit Issues among MDAs in FY 2016/2017

Internal Control Audit Issues among MDAs in FY 2016/2017 Stalled Projects Unsupported expenditure Irregular expenditure from funds meant for projects Unaccounted for assets Unverified idle assets Back up for data security and integrity Unresolved prior year matters Poor Budgetary Control and Performance Internal Control Audit Issues among MDAs in FY 2016/2017

Accounting Audit Issues among MDAs in FY 2016/2017 Pending bills;Irregular Payment of Pending Bills,Invalid Pending Bills and Non Payment of Pending Bills Incomplete Fixed Assets Register Unresolved prior year audit matters Casting errors and inconsistencies in the notes to the financial statements Inconsistency between the Statement of Receipts and Payments and the Summary Statement of Appropriations Inconsistencies in the cash balances reported Unexplained variances between budget and actual amounts Financial statements prepared outside IFMIS Unsupported prior year adjustments Improper computation of the cumulative to date balances Non maintenance of proper books of accounts Accounting Audit Issues for MDAs FY 2016/2017

Time: 3 minutes Ask if there any questions before closing. Questions?