Reports too late
The list is long, and so are the complaints. Statutory corporations continue to flirt with the laws of Barbados when it comes to the preparation and provision of audited financial reports, says Auditor General Leigh Trotman.
In his 2016 report, Trotman has brought to light several Government-established corporations which are in arrears when it comes to the provision of financial statements.
Top of the list is the Urban Development Commission (UDC), which was established to undertake the clearance of slums and improve social amenities.
“It was previously reported that the audit of accounts for the financial years 2008 to 2014 were outstanding. No information was received from the commission indicating a change. This situation needs to be urgently addressed by the commission,” Trotman advised in last year’s report. (BA)
Please read the full story in today’s Sunday Sun, or in the eNATION edition.