Johannesburg - Auditor General Terence Nombembe has given arms procurement parastatal Armscor a clean audit opinion for the past financial year, it said on Monday.
“In delivering on its mandate, Armscor adhered to accepted principles of corporate governance and lawfulness,” acting chief executive Sipho Mkwanazi said in a statement on Monday.
“I am therefore pleased to announce that, once again, Armscor has received a clean audit for the year under review.”
Mkwanazi presented Armscor's annual report for the 2012/13 financial year to Parliament's defence and military veterans portfolio committee last week.
He said there were no deficiencies in Armscor's internal controls and it was satisfied with its overall performance.
There was also no non-compliance with the laws and regulations identified by the AG, and Armscor continued to subscribe to the principles of good governance. - Sapa