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Social security agency audit gets disclaimer.
Byline: LINDA ENSOR
Social security agency audit gets disclaimer Political Correspondent CAPE TOWN Poor record-keeping by the South African Social Security Agency which distributes social grants to more than 14-million people as well as a lack of supporting documentation, saw the agency receive a disclaimer from auditor-general Terence Nombembe in the past financial year.
A disclaimer is the worst audit opinion on financial statements. It means there was not sufficient evidence to provide a basis for an audit opinion.
Adding to the uncertainty was that at the time of the audit the agency was facing multiple lawsuits of indeterminable outcomes, among them …
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