M3.49 Billion Missing on Paper as Audit Tears Into State Accounts

MASERU — The most explosive number in Lesotho’s latest public audit is not a budget allocation, not a debt issue, and not even the admitted fraud case. It is a discrepancy. A staggering M3.49 billion gap sits between two parts of the same set of government financial statements. The Auditor-General’s report on the Consolidated Financial Statements for the year ended 31 March 2023 delivers an adverse audit opinion, the most severe audit judgement possible. In simple terms, it means the…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...