By THEMBEKA DLAMINI | 2018-11-20
The much awaited statutory audit report into Matsapha Town Council’s financial standing is out.
The Sunday Observer has, for the last four months, revealed some of the allegations raised by employees against their executive management.
Some of the issues raised included irregularities in taxation of their salaries and pensions, non-remittal of pension contributions by the executive as well as a litany of allegations against former Chief Executive Officer Gciniwe Fakudze.
On the basis of the allegations by employees who reduced them to writing as well as a petition, councillors called for a change of auditors so as to have some of the alleged anomalies picked.
Pricewaterhouse coopers was selected and despite councillors stating that they would wish for audits covering about a decade, the scope of the tender covered the last financial year.
The report, which was delivered into the evening, was deemed by PwC Partner Makhosazana Mhlanga to be an unqualified report which means that the municipality’s financial report was transparent and thorough and had not hidden important facts. Of note, one of the issues raised other than those stated below are that some discrepancies were caused by failure to reconcile some entries across the different books of account as well as misallocation. This revelation irked councillors who stated that this was purely due to incompetence on the part of the office of the town treasurer.
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