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Govt to launch new accounting service

Govt to launch new accounting service
Minister in the Ministry of Finance, Ryan Straughn (second left), and Acting Permanent Secretary in the Ministry of Finance, Octavia Forde (left), receiving the cheque for the Adopt Our Families Programme from ICAB president, Lydia McCollin (second from right) and executive director, Kathy-ann Hewitt. (BGIS)

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The days of having an Auditor General’s report that highlights a myriad of accounting inconsistencies and financial irregularities in Government departments, may soon be at an end.

This is because come April 1, 2021, Government will be rolling out its accounting service, which will provide uniformity in training and protocols, said Minister in the Ministry of Finance, Ryan Straughn.

He was receiving a donation from the Institute of Chartered Accountants of Barbados in support of the Adopt Our Family programme yesterday in the Conference Room of the Prime Minister’s Office.

The Minister said Government had earlier this year planned to roll out this initiative, which will set the accounting standards for both state-owned enterprises and the public service, but was set back by the COVID-19 pandemic. (CLM)

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