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Joint effort to address variances

Manasa Kalouniviti
Friday, May 19, 2017

THE Ministry of Agriculture is working with the Ministry of Economy to clear the variances highlighted by the Auditor-General's Report, says Ministry of Agriculture principal accountant Sikeli Baleisuva.

Mr Baleisuva made the comments while responding to two of the five issues outlined by the Office of the Auditor-General (OAG), on which they had issued a qualified audit opinion on the Ministry of Agriculture's accounts for 2015.

These related to:

* the trading and manufacturing account (TMA) balance sheet having an unsubstantiated balance of $22,113; and

* an unreconciled variances of $263,038 existed in the cash balance as per the bank reconciliation of $657,468 and the cash balance as per the FMIS general ledger cash balance of $394,430 as at December 31, 2015.

Mr Baleisuva said: "On the unsubstantiated balance in the TMA balance sheet, the amount of $22,113 relates to VAT charged by the ministry for TMA account which the Ministry of Economy has confirmed with us is exempt from VAT. VAT was mistakenly charged by our officers for 2014 and 2015."

He said they had given the Ministry of Economy all the documents to substantiate the account and were working with them to clear the balance. Ministry deputy secretary Uraia Waibuta said despite all the anomalies identified they continued to try and improve in the areas identified and also continued with its implementation.

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