Why Tanzania's Public Entities are Losing Money Like Water
Negligence, lack of knowledge and some regulatory failures are costing public entities dearly, with the latest audit report by the Controller and Auditor General revealing how some state bodies lose billions despite having efficient control systems. The CAG specifically mentioned the failure to utilise the installed control mechanisms and systems, as well as the deliberate move by some bodies not to educate Tanzanians on some important projects, as reasons for the losses.
(file photo).
InFocus
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In March 2018, Tanzania's Controller and Auditor General, Mussa Assad, presented his annual audit report which showed that state entities had diverted trillions of shillings into ... Read more »