Forensic investigation into possible graft at National Skills Fund found almost R5bn of its funds were unaccounted for
Parliament’s standing committee on public accounts is seeking legal advice after higher education and training minister Blade Nzimande asked that a long-awaited forensic report into potential corruption at the government’s skills development initiative remain confidential.
Scopa asked the minister to initiate a forensic investigation into the National Skills Fund last year after the Auditor-General found almost R5bn of its funds were unaccounted for, and gave it a disclaimer for the 2019-2020 and 2020-21 fiscal years. A disclaimer is the worst possible audit outcome and indicates an entity could not provide auditors with evidence for most of the figures in its financial statements...
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