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#1
18-08-2015, 08:00 PM
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Lina Chiam : Govt lapses are more serious
An honorable member of the Coffee Shop Has Just Posted the Following:
Today 7:09 PM  Post: #1 forum456  Elite Junior Posts: 3,055 Reputation: 5 http://$$$$$$$.com/o5tkglu Non-Constituency Member of Parliament, Mrs Lina Chiam, delivered an adjournment motion on the Auditor-General’s Report (“AGO”) in Parliament today. The AGO report was released on 15 July and highlighted numerous financial and accounting irregularities and lapses in government ministries and statutory boards, most notably with regard to the People’s Association and Nparks. Titled “Proper Accountability by Public Sector Entities for Public Resources”, Mrs Chiam’s parliamentary motion said that the AGO report calls into question the soundness of current financial mechanisms and practices that have been put in placed to prevent financial irregularities by respective ministries and statutory boards. She also questioned whether the interests of the public have been compromised as a result of these financial irregularities. On the litany of financial lapses committed by the People Association (“PA”), several issues were raised. First, that it has been more than a decade since PA’s Grassroots Organisations (“GROs”) have been audited. This was because the PA has not produced the financial statements of the GROs for audit, and has only done so in the financial year 2013/2014. She calls for these financial statements to be disclosed, and for them to be audited. Second, the pervasiveness of such poor financial practices across the 1,800 GROs since the AGO had only test-checked a mere 6.5% of the GROs. Third, that an independent review committee should be established instead of the Grassroots Finance Review Committee, chaired by three grassroots leaders, that was set up in the aftermath of the AGO report. Regarding the financial irregularities of other statutory boards, she emphasized that the lapses highlighted by the AGO are not one-off incidences, but occur with an alarming regularity, especially in relation to lapses in procurement and tender related contracts. She makes two recommendations: the need for regular training of officers involved and to consider centralizing procurement activities in one agency. Click here to view the whole thread at www.sammyboy.com. 
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