Department of Financial and Managerial Accounting

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    Exploring factors that hinder the implementation of audit recommendations in the Ministry of Works and Transport, Namibia
    (University of Namibia, 2023) Erkie, Patemoshela Ndapandula
    Audit recommendations in audit reports draw attention to actions that are prone to advance institutions’ performance when implemented. The suitable and well-timed implementation of audit recommendations agreed by those in charge of an entity is a critical and significant part of realising the whole advantage of an audit. The main aim of this study was to explore factors hindering the implementation of audit recommendations in the Ministry of Works and Transport (MWT), Namibia. The re occurrence of audit findings in the MWT and lack of empirical research on factors delaying the implementation of audit recommendations represent a gap in the public sector financial management literature. To fill this gap, the researcher carried a qualitative exploratory research. The population for this study was made up of 60 staff members of the finance division in the MWT. A purposive sampling method was used to select a sample of 20 people from the population. The instruments used for data collection were semi-structured interviews guides and a self-administered questionnaire with open-ended questions. Thematic analysis was used to analyse and present the data. The study established that the implementation of audit recommendations at the MWT is hindered by lack of funds due to poor planning, poor communication, lack of training, management ignorance and lack of accountability and responsibility. The study concluded that the management at the MWT is not giving enough support, dedication and commitment towards the implementation of audit recommendations. The study recommended that the MWT take heed on all audit recommendations to help reduce the risk of fraud, theft, corruption, asset misappropriation and mismanagement of public funds and resources.
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    Investigating the impact of internal control on financial performamce at the Namibia Student Financial Assistance Fund
    (University of Namibia, 2023) Tjombe, Prisca U.
    The aim of this research was to investigate the impact of internal controls on financial performance at the Namibia Student Financial Assistant Fund. The regulation and institutional framework have improved significantly over the years and define internal control as all the policies and procedures adopted by the management of an entity to assist in achieving management objectives of ensuring as far as practicable, the orderly and efficient conduct of its business, including adherence to management policies that should be adhered to, yet still NSFAF, in particular is faced with lots of challenges. It is against this background that this study was conducted. The objective of the study include: to identify the factors that will affect the choice of the internal control measures at NSFAF; examine the impact of internal control on monitoring the student funds records at NSFAF; to examine the impact of internal control on the achievement of operational goals at NSFAF; to establish the relationship between internal control and financial performance of NSFAF. Related literature was reviewed. The study adopted the pragmatism research philosophy with the purpose of improving the researcher`s knowledge on the approaches and that was also in line with the research topic as the approach was the most appropriate to improve the reliability and validity of the research findings. The study sought to get an in-depth understanding of the impact of internal controls on financial performance at NSFAF using a mixed method approach which achieved by using a cross sectional survey design through a survey and conducting of interviews. The study population was 70 staff of NSFAF Windhoek. The census technique was adopted for the quantitative part of the study. Data obtained from the survey was analysed using the Statistical Package for the Social Sciences (SPSS) software. The data was presented using statistical tools such graphs, pie charts, and tables. In analysing and presenting the results, descriptive statistics tools were used in order to give the researcher a quick and clear impression of the location of the data. The finding revealed that from the start of NSFAF, the internal controls were considered ineffective and unsatisfactory due to the ineffectiveness in the administration of the fund, lack of proper mechanisms for loan recovery and low recovery and high default rates by students. It is recommended NSFAF to adopt COSO framework, organisation to contact regular system review and the Government of Namibia as policy ii maker and the funder of NSFAF, should revise the policy on which NSFAF is governed, as effective implementation is lacking.
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    An analysis of the impact of reduced donor funding on sustainability of Namibia network of aids service organisations (NANASO)
    (University of Namibia, 2023) Lishoni, Bestinah Wanga
    The aim of this study was to analyse the impact of reduced funding on sustainability of the projects carried out by NGOs in Namibia. The sub objectives of the study was to analyse the impact of reduced level of financing by donors on the project sustainability of NANASO in Namibia, to analyse the impact of stakeholder participation on the project sustainability of NANASO in Namibia and finally to determine ways in which NANASO can become financially sustainable in the event of donor reduced funding. This study is significant to NANASO, other NGOs, the government, public and private sector, as well as researchers as it intends to identify the outcomes of reduced donor funding on NGO project sustainability. Sustainability of NANASO and other NGOs is crucial as their objectives and activities contributes to the reduction of the HIV/AIDS pandemic in the community. The findings of this study will also serve as a basis for future research in the same line of study. The research design for this study was descriptive research design and was deemed suitable as it reported the situation as it is without changing any variables of the impact of reduced funding and sustainability of NGOs. The approach used to collect data for this study was a quantitative one. Probability sampling in the form of multi stage sampling was used to select the sample for the study from the population. Data was collected using questionnaires having both open and closed ended questions. Quantitative data was analysed through inferential statistics using the Statistical Packages for Social Sciences (SPSS). The findings of the study revealed that reduced donor funding has a negative impact on project sustainability as it impacts on the adequacy of resources needed for the project and on the attainment of objectives as there will be limited financial resources. It was recommended that to ensure project sustainability after reduced funding, ii NANASO should consider collaboration with other NGOs and also working closely with various stakeholders from both the public and private sectors
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    An analysis of the financial sustainability challenges faced by non-profit organisations in the health sector in Namibia
    (University of Namibia, 2023) Makwatikizo, Nancy
    This study explored the financial sustainability challenges faced by Non-Profit Organisations (NPOs) in the health sector in Namibia. The objectives of the study were to determine challenges faced by selected NPOs, determine the main source of funding for NPOs in Namibia after the reclassification as an upper middle-income country and finally, examine the impact that sole reliance on external donor funding has on programmes of the selected NPOs. The study mostly used a mixed methodology, and descriptive analysis was done. The targeted population was 100 drawn from five NGOs whose objectives are in collaboration with the Ministry of Health and Social Services. The five NGOs are The society for Family Health (SFH), Namibia Planned Parenthood Association (NAPPA), HIV Clinicians Society, Mister Sister and Namibia Red Cross Society. The study found that reduced annual operational budgets and delayed program implementation are the current challenges NPOs are facing because of the economic crisis and COVID-19. Others listed the difficulties faced as a decline in the number of donors, financial crises, technology gaps, and management control. The research revealed, among other findings, that assistance from local governments is necessary for the financial sustainability of the programs and the continuity of NGOs. Additionally, it was recommended that the Government of the Republic of Namibia Incentivise NPOs' effectiveness, transparency and accountability. More NPOs discuss about gauging and marketing an organisation's social impact need to shift. Due to the difficulty of assessing social impact and the fact that it is still a relatively new idea in the industry, this is particularly tough. Most donors and foundations have the bad habit of viewing an NPO's overhead as the primary barometer of that organisation's success. NPOs are not ii challenging this notion enough. They should instead try to offer alternative measures that might reflect on the efficiency of their organisation