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There are huge prospects that some of the assets will not be delivered and public funds will be lost in the process and the taxpayer will bear the brunt.
Resultantly, 75 local authorities were in arrears. The respective local authorities that failed to submit were in arrears, mainly due to the impact of Covid-19 restrictions.
Acting Auditor General Rheah Kujinga said local authorities need to bring financial reporting to date, while updating their systems to sustain the IPSAS software.
She noted that documentation remains a major challenge for local authorities and encouraged utilities to come up with a root cause analysis to come up with a solution.