NPFC Auditor’s Report for 2024/2025 Financial Year

NPFC undertakes an annual audit of its finances as directed under Financial Regulations 36 to 38.
The NPFC financial year is April 1 to March 31.
 

Attached is the Auditors Report for 2024/2025. This was previously circulated to you in NPFC Circular #062/2025.
 

The external auditor concluded that the audit evidence they reviewed was sufficient and appropriate to provide the basis for the audit opinion. No instances came to the auditor’s attention to indicate noncompliance with the Commission’s financial regulations.
 

While the audit was provided earlier than in the past it was still delayed from the prescribed timeline in the financial regulations. This divergence is addressed in FAC08 WP06 with consideration of the timing of the audit.
 

The surplus in the General Fund was ¥9,135,447. This surplus has been transferred to the Working Capital Fund.