Auditor General Plans To Look Into Sister Islands Contracts

BVI Platinum News | June 07, 2019 9:15 am AST | 0 Comment
BVI Platinum News
June 07, 2019 9:15 am AST | 0 Comment
Photo Credit: Provided
Photo Credit: Provided
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Auditor General (AG), Sonia Webster has disclosed to legislators that during this year, her office will be looking into matters relating to Government contracts on the sister islands, and working on completing the 2017 audit.

The AG explained that at the moment, her office is currently updating the review process on the sister islands and will also update the processes on contract monitoring.

Webster mentioned that the Audit Legislation needs to be made current, as well as the website for the public to have access to what the office puts out, especially contracts.

As it relates Government audits, the Auditor General mentioned that her office dealt with a number of outstanding Government annual financial audits last year. She stated that the success of these audits was a result of the financial statements received from the Treasury Department from 2012 – 2016.

In response to a question about whether the audits that were outstanding were a constitutional breach, the Auditor General told legislators that it was a breach.

She also mentioned that the 2017 audit is still outstanding. The delay, she said, was caused by the fact that office was awaiting the financial statements from the Treasury Department in order to complete it.

However, the Auditor General informed legislators that there may be a delay in obtaining the 2017 financial statements because of the changed legislation in 2012, which required the adoption of international IFSTAT standards, which required new changes and included all Statutory Boards in Central Government.

Meanwhile, the Auditor General explained that the Value for Money Audits (VFM) Unit was revived in 2018 and were conducting value for money examinations. These audits, she noted, deal with projects and programmes, and require more time to complete.

Webster further mentioned that the focus for 2019 would be to continue with the audit mandate and to continue building the value for money function. She also said that her office would continue conducting Statutory Board audits that are outstanding.
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