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NTA forensic audit normal procedure: Louw

Sun, 21 October 2012 21:30
by Jemima Beukes
Education

 

National Training Authority (NTA) recently dismissed media reports implying an underway forensic audit in its offices, which has been orchestrated to unearth mismanagment and mis-use of funds.
The forensic audit currently being conducted by Ernst & Young at the NTA, the public relations and stakeholder engagement manager, Mornay Louw said, is a result of a unamimous board decision made at a legally constituted board meeting.
“To this end, a board resolution was passed and specific terms of reference were issued by the NTA Board to the forensic auditors. The Board will await and evaluate the report of the forensic audit and will issue communication thereafter, should such be deemed prudent,” Louw stated.
He further said NTA has never awarded a tender to finance the Valombola project and that the joint venture for the Valombola project is yet to be concluded. This comes despite the Board chairperson’s decision to distance him from board discussions relating to the matter.
“The chairperson (Otto Shikongo)’s declaration of interest related to a future joint venture (JV) of a company in which he has interest already declared to the then NTA board at its inaugural board meeting of 16 November 2011 with a company which had tendered for the work at Valombola. This company was not the preferred tenderer for the Valombola work. The said JV had not been concluded at the time of the chairperson’s declaration of potential future interest by association. The board was satisfied with the declaration of interest by association, though,” Louw furthered.
According to him, a five-year Strategic Plan was developed during the August 2012 board meeting in an effort to expand vocational training centers (VTCs) in order to increase capacity and quality in accordance to its mandate.