Annual general report of the controller and - Parliament of Tanzania

74. NHC/PPF/IPS Co. Ltd Unqualified
75. Ubungo Plaza Co. Ltd Unqualified
76. Kibaha Education Centre Unqualified
77. Fair Competition Commission Unqualified
78. National Sports Council Unqualified
79. Tanzania Investment Centre Unqualified
80. National Examination Council Unqualified
2.4.2 Unqualified opinion with Emphasis of Matter
In the year under review, six (6) PA&oBs have been issued
with unqualified opinion with emphasis of matter. The
concerned Public Authorities and the matters which has
been emphasised are listed below:
S/N Name of
PA&oBs
1. National
Insurance
Corporatio
n (NIC)
Type of
Opinion
Unqualified
opinion
with
emphasis of
matters
Emphasis of matter
� Going Concern
As 31 st December, 2007, the
Corporation’s current
liabilities exceeded its current
assets by TZS. 47,657,784,000.
This condition, along with
other matters set forth in Note
35 (on contingent liabilities) to
the financial statements
indicate the existence of a
material uncertainty which
may cast significant doubt
about the Corporation’s ability
to continue as a going
concern.
� I.T. Problems in Hardware
and Software
The Corporation’s computer
system has problems as
follows:
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Office of the Controller and Auditor General PA&oBs 2007/08 20