Annual general report of the controller and - Parliament of Tanzania

It is also an imperative paramount that the assets be
insured so as to mitigate the risks that may occur to these
public assets. In this regard, I urge the Chief Executive
Officers of the Public entities to exercise their stewardship
role on the vested authorities over the public resources
with high degree of efficiency and concern.
The above mentioned important records on non current
assets were found missing/not maintained by the following
authorities:
S/N Entity Anomalies Noted
1. TCRA Non current assets register is not properly
maintained to show pertinent details
regarding the historical cost, date of
purchase, accumulated depreciation, net
2. PPRA
book value and supplier for each of the
reported assets.
The valuation of non current assets is carried
out annually by an independent valuer, for
which the management relies to prepare the
report for accounting purposes without a
base for comparison
The entity has not coded the assets contrary
to the requirements of the Authority’s
financial regulations.
Non current assets are not insured. For
instance none of the PPRA’s non current
assets had an insurance cover by 30 June 2008.
Non current assets inherited from the former
central tender board had not formerly been
transferred from the Ministry of Finance and
Economic affairs to PPRA, with all necessary
details and therefore are not included in the
financial position of the Authority as at 30
June 2008.
PPRA’s detailed list (register) of non current
assets lacks key information on location,
codes, accumulated depreciation and net
book values
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Office of the Controller and Auditor General PA&oBs 2007/08 168