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Amatola Water has obtained a clean audit opinion for the 2015/16 financial year, marking the first ever clean financial audit for the water utility.
The clean audit opinion comes after the utility received a qualified audit opinion in a prior year, mainly due to irregular expenditure.
Notwithstanding this, Amatola Water had consistently demonstrated itself as a sustainable state enterprise with a sound corporate governance record of accomplishment, having achieved consecutive unqualified audit reports since its inception.
Amatola Water CEO, Lefadi Makibinyane said the achievement is due to the implementation of stringent corrective measures aimed at addressing the shortfalls highlighted in the previous management letters.
“Five priority areas were identified towards the clean audit drive. These include supply chain management; payroll and human resources; the completeness and accuracy of financial information; as well as general organisational compliance and performance against pre-determined objectives.”
He said this has ensured that adequate systems and internal controls are in place to guarantee sound financial management and corporate governance.
Expressing her delight at the audit outcome, Chairperson of the Amatola Water Board, Nokulunga Mnqeta commended the utility’s executive management for the strides made to improve the previous year’s outcome.
“On behalf of the Board, I want to convey my gratitude to both management and staff for their contribution to this positive outcome. The clean audit represents a major turnaround for Amatola Water and contributes significantly to the credibility of the organisation,” said Mnqeta.