Botshelo Water failed to submit its annual report and financial statements within the set timeframe. The Auditor-General started on time with the audit, but got delayed because of issues relating to the financial system that had been identified by the Audit Committee and the Board, which had to be addressed first. Thereafter, the Auditor-General had to send their files for pre- issuance review, which normally takes up to two weeks to complete. The annual financial statements subsequently needed to be adjusted after the audit had been completed. Thereafter the Audit Committee had to finally review the changes and recommend the annual report to the Board for approval. Only after Board approval, could the final version be sent to the printers for printing. Botshelo Water indicated that it would not be able to submit its annual report before February 2012.