Pursuant to the presentation of the 2019 Auditor General’s report to Parliament, the Public Accounts Committee resolved to analyse the report on State Enterprises and Parastatals found. The report noted that 34 entities had not submitted their accounts in clear violation of Section 308 of the Constitution and Section 35(6) of the Public Finance Management Act (PFMA). In executing its mandate, the Committee resolved to invite these State-owned enterprises and parastatals for oral evidence meetings to appreciate the reasons for their failure to submit their financial statements for audit.
The Committee was guided by the following goals;
• to appreciate the reasons for failure of state-owned enterprises to meet the requirements of Section 35(6) of the Public Finance Management Act which states that