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The Government of Namibia has a full equity share of four specialist or policy banking corporation. There are a large number of public nonfinancial corporations, in which the government has a part or full ownership share, including public utilities and Air Namibia, the national airline. There are a number of statutorily and nonstatutorily created funds of the central government. There are two important funds for social security and pensions for government employees. Reforming the state-owned enterprise sector is one priority of the government, though the progress has been slow.... by setting internal audit standards, developing and issuing guidelines and manual and training internal audit staff of line ministries. ... A system of audit exists for auditing taxpayers but presently there is no effective mechanism for the assurance of staff integrity. There is a system of departmental supervision and a general Code of Conduct for the public service. ... outsourcing its audit is not a viable permanent solution to addressing tax evasion but considers it necessary until suchanbsp;...

Author:International Monetary Fund
Publisher:International Monetary Fund - 2008-06-13


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