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PAC To Scrutinise Backdated Reports

PAC To Scrutinise  Backdated Reports
Permanent Secretary for Finance, Makereta Konrote (centre) during their submission to the Public Accounts Committee meeting yesterday. Photo: Fiji Parliament
July 14
13:39 2016

The Public Accounts Committee will further scrutinise audit reports submitted to them from the Office of the Auditor General.

Committee chair, Ashneel Sudhakar while responding to submissions made by the Ministry of Finance highlighted that financials in the 2009 audit report had financial matters from 2004 in them.

He used Viti Corp as an example. They gave their accounts for 2004 which were audited in 2009.

Mr Sudhakar said for the 2004 audit report, the company had records from 1995.

He asked the Ministry of Finance if they had any sort of power to look into the matter.

Ministry of Finance official Mereani Naisara replied that the responsibility lies with the Ministry of Public Enterprise.

Mr Sudhakar said one of the problems that Office of the Auditor General was facing in trying to compile the audit reports of various Government ministries was the late submission of financial records.

Ms Naisara responded the Financial Management Act doesn’t provide any sort of penalties for Government ministries that don’t submit their financial records on time.

Mr Sudhakar said the Ministry had an important role to play in assisting Government in managing public finance.

He then further asked as to what sort of assistance or collaboration they had with the Office of the Auditor General’s.

Financial and Asset Management Director, Akosita Drova said internal audit unit in the Ministry deals with management’s financial reports.

She said the Office of the Auditor General ensured that all ministries and departments are complying with financial rules and regulations.

Opposition MP, Ratu Sela Nanovo said some of the audit reports submitted to Parliament were ‘stale’.

“Some of the audit reports are 10 years ago; we need it to be fresh so that it can assist Government map a way forward,” he said.

The Reserve Bank of Fiji and the Fiji Revenue and Customs Authority will present their submissions today.

 

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