NSFAS attributes negative audits to universities submitting incorrect statements

The National Student Financial Aid Scheme (NSFAS) has attributed its negative audit outcomes to universities that submit incorrect and inaccurate financial statements.

Last month the Auditor General of South Africa slapped NSFAS with an adverse audit opinion for its 2021/22 financial year.

The report revealed the scheme failed to balance its financial statements in the past five years while raising concerns over a series of calculation errors.

NSFAS acting board chairperson Lourens van Staden has urged universities to submit accurate financial statements.

“NSFAS has been severely impacted by the non-submission of data and in some instances, incorrect data being submitted by the institutions. Non and inaccurate submissions of institutional data have contributed to NSFAS receiving negative audit outcomes and also the late submission of annual financial statements.

-EWN

In other news – Watch: Black Coffee opens up on Enhle Mbali’s unappreciative reaction after he bought her a fancy car

Popular Mzansi star, a Grammy award-winning producer and DJ, Black Coffee has been labelled a narcissist after sharing how disappointed he was when his estranged wife Enhle Mbali Mlotshwa was less than enthusiastic when he bought her a car during their marriage.

In an interview with Thabo “T-Bose” Mokwele on Kaya FM, the DJ (real name Nkosinathi Maphumulo) explained that during his marriage to the actress, he had bought her a fancy car, hoping she’d love it and show the utmost appreciation, but she didn’t. Read More