The Auditor-General has revealed the details about the ongoing issues at the Compensation Fund, highlighting a lack of accountability.
The Auditor-General has revealed the details about the ongoing issues at the Compensation Fund, highlighting a lack of accountability and ineffective consequence management.
“In some of the instances, we have also noted that the fund is struggling to provide support evidence, which is what has led to the disclaimer opinion. We end up in a situation where we are unable to verify what is reported by the fund.” “There need to be preventative controls put in place because the issues are so significant that they cannot be fixed only when the entity is preparing financial statements.”
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