Annual general report of the controller and - Parliament of Tanzania

Either, there were no appropriate adjustments made to
recognise the revenue earned especially for those
depositors who have fully settled the purchase
consideration and those who have over paid.
12.2.3 Privatisation cost not supported by contracts
Shs.1,248,681,919
Review of the transactions for privatisation expenses
incurred during the period under review revealed some
payments whose contract documents and or payment
vouchers were missing. The missing documents were not
made available to audit hence eligibility of the
expenditure incurred could not be established.
12.3 Post privatization Monitoring and Evaluation
According to the performance annual report released by
CHC for the year ended 31 st December 2008, the
divesture of six (6) PA&oBss was concluded. The
privatization of public entities has been completed
successful, but post privatization results of those entities
has remained a major question today, however, the
Consolidated Holding Corporation has managed to
establish the Post Privatization Monitoring and Evaluation
Policy. This will provide a direction towards the
monitoring and evaluation process of the privatized
assets, as the policy will facilitate the determination and
analysis of the post privatization impact and performance
indicators for every asset that has been divestured.
In the implementation of the formed policy, CHC planned
to evaluate 40 Privatized Entities, however, it has
managed to evaluate only 20 up to 31 st December 2008.
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Office of the Controller and Auditor General PA&oBs 2007/08 222