SIGA’s claim on highest audited proportion inaccurate – Bright Simons

Vice President of IMANI Africa, Bright Simons, has challenged the State Interests and Governance Authority’s (SIGA) claim that it recorded the highest proportion of audited financial statements from state-owned entities in its latest report.” “So even if you just look at the broad span of the entities we are most concerned about, the SOEs, fewer of them made profit this year than last year, which is not noted because we are looking at aggregates.“If you are doing something that looks as if you are consolidating, so that it can generate group profit, it can generate group loss, it can generate current ratio, these kind of things, then require you to tell us the basis of preparation, accounting policies, etc.”