Fiji Time: 4:55 PM on Tuesday 30 August

Fiji Times Logo

/ Front page / News

Report concerns

Shalveen Chand
Friday, August 22, 2014

THE Financial and Appropriation Statements of the government posted on the Finance Ministry website, with no announcement, raise questions of accountability and transparency in the management of the finances of the State, according to the National Federation Party.

In a statement, party general secretary Kamal Iyer said they had viewed the financial statements posted on the ministry's website from 2006 to 2012 as well as the qualifications of the Auditor-General.

"The audit is restricted to the financial and appropriation statements only and does not contain reports that are a comprehensive audit of all government ministries, statutory organisations," said Mr Iyer.

The NFP has been asking for the release of all audit reports from 2007 to 2013.

"In his qualification statement of financial and appropriation statements for the year 2012, the then Auditor-General Tevita Bolanavanua raised 14 concerns regarding the statements.

"Some of these are the Investment in the Sinking Fund totalling $192.2million which is overstated by a massive $138.5m.

"The Auditor-General is only expressing an opinion on a mere $53.7m; trust accounts with ministries/departments were overdrawn by $7.3m.

"The correctness, completeness and existence of the equity opening balance of over $2.815billion could not be substantiated due to lack of supporting documents and variance of $10m between Ministry of Finance general ledger balances and the FRCA revenue collection report for 2012."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.64110.6221
JPY 50.839947.8399
GBP 0.37450.3665
EUR 0.43990.4279
NZD 0.68580.6528
AUD 0.65370.6287
USD 0.49430.4773

from

$0.00

Exchange Rate updated on 30th August 2016

Today's Most Read Stories

  1. Ryan's plan to return to Fiji
  2. 'No place like Fiji'
  3. Ryan's big day
  4. 'Loud noise' panic
  5. Child crushed to death
  6. Probe into aircraft incident begins
  7. Safe arrival for Fiji Airways flight FJ811
  8. Interest rates to increase
  9. TELS board seeks prompt applications
  10. 85 land leases deposited

Top Stories this Week

  1. Mata signs new deal Sunday (28 Aug)
  2. Wong helps Rawaca get a gold medal Friday (26 Aug)
  3. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  4. Veremalua gets help from Ryan on overseas contract Saturday (27 Aug)
  5. Violence stops TISI Sangam annual meeting Sunday (28 Aug)
  6. Kolinisau surprises fans with Macuata dialect Friday (26 Aug)
  7. Ryan may return Friday (26 Aug)
  8. Ryan's plan to return to Fiji Tuesday (30 Aug)
  9. Kauvesi clears the air Thursday (25 Aug)
  10. Boy, 4, dies in fire Thursday (25 Aug)