[www.inewsguyana.com] – Junior Finance Minister Jaipaul Sharma has revealed that financial audits conducted for some government agencies have revealed compliance breaches along with a other few minor issues.
Sharma, during a recent interview, explained that most of the audits were almost complete, with some just awaiting final submissions from the forensic auditors.
According to the Junior Finance Minister, forensic audits conducted at the Environmental Protection Agency (EPA), the University of Guyana Student Loan Fund and Carifesta X have shown clean slates.
“We have reports for the EPA…we did an audit for the UG loan agency…one for Carifesta ten,” said Sharma adding “basically there are compliance related problems.”
Sharma also pointed out that an audit of the National Frequency Management Unit (NFMU) has also been completed and it now has to be reviewed by the Ministry. Pointing to other entities such as the Guyana Marriott and NICIL, Sharma revealed that those audits are due for completion in late November.
“The large entities will reveal some degree of discrepancies – those will be completed in November and December,” he stated.
Already audits have revealed financial improprieties at the Guyana Power and Light Company (GPL) where a Deputy CEO has been suspended for the transfer of millions of dollars. The audit at GPL revealed that Aeswar Deonarine transferred some $27.8M to his personal account as retroactive salary increases.