The Namibia Press Agency earned its first unqualified audit opinion in a decade for the 2023-24 financial year. Board chairperson Ndeuhala Katonyala-Lewis announced on Tuesday that the agency reversed previous deficits and now operates with surplus funds under government oversight.
The clean audit from the auditor general confirms the effectiveness of internal controls and the reliability of financial reporting systems at the state news organization. Katonyala-Lewis credited board members, management and employees for implementing processes that meet governance standards and transparency requirements.
The agency targets submitting audited annual reports within six months after the end of each fiscal year. Scheduling conflicts with external auditors sometimes delay the timeline despite having financial statements prepared for review, the chairperson noted.
The clean audit from the auditor general confirms the effectiveness of internal controls and the reliability of financial reporting systems at the state news organization. Katonyala-Lewis credited board members, management and employees for implementing processes that meet governance standards and transparency requirements.
The agency targets submitting audited annual reports within six months after the end of each fiscal year. Scheduling conflicts with external auditors sometimes delay the timeline despite having financial statements prepared for review, the chairperson noted.
