STATE IN DARK ? : ESCOM GOES 3 YEARS WITHOUT AUDIT

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MALAWI- The Electricity Supply Cooperation of Malawi (ESCOM) one of the country's major Statutory Cooperations has been operating for three years without an audit report , reports Benjamin GK Nyirenda


This conduct by ESCOM is in conflict with the Malawi Audit Act which seeks to promote the accountability of agencies and statutory bodies in the management of public finances , other finances and the resources of such agencies and statutory bodies but also in violation of fiscal and audit rules , the country abides by .


But reacting to the development , Kitty Chingota ESCOM public relations officer has attributed the delay in the audit report to challenges in the implementation of a management information system in 2018 and further stated that significant progress has been made and they expect the 2020-2021 audited financial statements to be finalized during the first week of June 2023.


ESCOM  was last audited in the year 2020 and has not been audited since then .


Written by Benjamin GK Nyirenda

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