Annual general report of the controller and - Parliament of Tanzania
Annual general report of the controller and - Parliament of Tanzania Annual general report of the controller and - Parliament of Tanzania
August 2008 and were unable to obtain and review the work papers of the predecessor auditor. We could not perform satisfactory alternative procedures in respect of auditing the comparatives amounts, to satisfy ourselves with regards to the requirements of ISA 710 on the comparative balances. • As set out in note 20 to the financial statements no interest charge is accrued in respect of the Long Term Treasury Loan. Article IV of the lending agreement between the Ministry of Finance and the Authority require that the loan bears 6% interest rate per annum. Article 4.01(c) further requires that a separate bank account is opened by the Authority and 5% of interest is deposited into that account annually to be used for training of financial and technical staff of the Authority. The remaining 1% of the interest is supposed to be accrued and paid to the Government annually in arrears together with repayments installments. Should this clause be effected as at 30 June 2008, a total of TZS 212 million would become payable to the Ministry of Finance with Tshs 170 million ___________________________________________________________ Office of the Controller and Auditor General PA&oBs 2007/08 52
elating to prior years interest charges and Tshs 42 million being the current year charge. 2.4.4 Adverse Opinion and Disclaimer of Opinion During the period under review there were no PA&oBs that were issued with an adverse opinion or disclaimer of opinion. I have taken efforts of identifying the reasons for issuing the type of opinion issued so that the affected PA&oBs should be aware of the weaknesses and short comings of their financial reporting with the view of making improvements in the future. ___________________________________________________________ Office of the Controller and Auditor General PA&oBs 2007/08 53
- Page 21 and 22: CHAPTER ONE BACKGROUND AND GENERAL
- Page 23 and 24: • Preventing or minimizing the un
- Page 25 and 26: 1.3 Responsibilities of the Board o
- Page 27 and 28: singly or jointly did the audit of
- Page 29 and 30: CHAPTER TWO BASIS AND TREND OF AUDI
- Page 31 and 32: addition of such an emphasis of mat
- Page 33 and 34: General to access all records, book
- Page 35 and 36: It is important to note that an unq
- Page 37 and 38: From the above analysis, it is evid
- Page 39 and 40: 49. National Institute for Producti
- Page 41 and 42: -- The computer hardware and softwa
- Page 43 and 44: epayable after six months. The agre
- Page 45 and 46: 4. Tabora Urban Water Supply and Se
- Page 47 and 48: was carried out by ‘The Solomon C
- Page 49 and 50: 2. PresidentialParastatal Sector Re
- Page 51 and 52: een reconciled by DUWASA and theref
- Page 53 and 54: 4 Tanzania Standard Newspaper (TSN)
- Page 55 and 56: summary total of invoices issued to
- Page 57 and 58: 6. Tanzania Communi cation Regulato
- Page 59 and 60: monthly reports as required by sect
- Page 61 and 62: independently as required by sectio
- Page 63 and 64: TANAPA obtained from the Exim Bank
- Page 65 and 66: 8. Tanzania Post Corporation 9. Ins
- Page 67 and 68: Procurement Notice as required by R
- Page 69 and 70: 11 Muhimbili University of Health a
- Page 71: Water Supply and Sewarage Authority
- Page 75 and 76: CHAPTER THREE SUMMARY OF THE PREVIO
- Page 77 and 78: 2. 10.2 Weak Information Technology
- Page 79 and 80: eporting directly to the Chief Exec
- Page 81 and 82: Concern Problems Some public corpor
- Page 83 and 84: customers resulting into over or un
- Page 85 and 86: overstatement of the assets; nonrev
- Page 87 and 88: y the liabilities imposed by variou
- Page 89 and 90: Tanzania International Container Te
- Page 91 and 92: while the Board of External Trade f
- Page 93 and 94: 3.2.2 National Insurance Corporatio
- Page 95 and 96: Kagera Sugar Company Ltd General Ty
- Page 97 and 98: Emunio Tanzania Limited Kiwira Coal
- Page 99 and 100: guaranteed 75% by the government an
- Page 101 and 102: 4.0 Introduction CHAPTER FOUR EXPEN
- Page 103 and 104: 4.1.3 Questionable payments (i) Nat
- Page 105 and 106: The above certificate was in favour
- Page 107 and 108: (iii) Tanzania Engineering and Mech
- Page 109 and 110: ensure that this regulation is full
- Page 111 and 112: Customer Meter No. Date connected F
- Page 113 and 114: Date Number of visitors per TANAPA
- Page 115 and 116: Loss of Potential Revenues from Pri
- Page 117 and 118: CHAPTER FIVE INTERNAL CONTROL SYSTE
- Page 119 and 120: prepared (NBC A/C No. 022103000156
- Page 121 and 122: 5.6 Lack of segregation of duties.
elating to prior years interest<br />
charges <strong>and</strong> Tshs 42 million<br />
being <strong>the</strong> current year charge.<br />
2.4.4 Adverse Opinion <strong>and</strong> Disclaimer <strong>of</strong> Opinion<br />
During <strong>the</strong> period under review <strong>the</strong>re were no PA&oBs<br />
that were issued with an adverse opinion or disclaimer <strong>of</strong><br />
opinion.<br />
I have taken efforts <strong>of</strong> identifying <strong>the</strong> reasons for issuing<br />
<strong>the</strong> type <strong>of</strong> opinion issued so that <strong>the</strong> affected PA&oBs<br />
should be aware <strong>of</strong> <strong>the</strong> weaknesses <strong>and</strong> short comings <strong>of</strong><br />
<strong>the</strong>ir financial <strong>report</strong>ing with <strong>the</strong> view <strong>of</strong> making<br />
improvements in <strong>the</strong> future.<br />
___________________________________________________________<br />
Office <strong>of</strong> <strong>the</strong> Controller <strong>and</strong> Auditor General PA&oBs 2007/08 53
Change language