Financial misstatements lead to adverse audit opinion for Henties Bay

NAMPA

2025-09-15

HENTIES BAY, 01 APR (NAMPA) - The newly inaugurated Henties Bay Municipality satellite office in the Omdel informal settlement. The office which is part of the town’s efforts to improve service delivery and accessibility for residents, is aimed at providing municipal services such as paying water bills and accessing municipal records, among others. (Photo by: Isabel Bento) NAMPA

SWAKOPMUND, 15 SEP (NAMPA) – The Municipality of Henties Bay has received an adverse audit opinion from the Auditor-General for the financial year ended 30 June 2023, following significant financial misstatements and non-compliance with international accounting standards.
An adverse audit opinion is the most severe outcome an auditor can issue. It indicates that the financial statements are materially misstated and unreliable, and therefore canno...

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