No audited financial statements from NSWMA in ten years
Jovan Johnson, Gleaner Writer
The National Solid Waste Management Authority (NSWMA) has not submitted audited financial statements and annual reports in ten years.
The auditor general, Pamela Monroe Ellis is demanding them.
In her latest report, the auditor general, said the failure of the NSWMA to submit the reports has impaired its ability to ensure and facilitate proper oversight of its financial activities and assessment of its state of affairs.
Under the NSWMA Act, audited accounts and the annual report should be tabled in the Parliament, within six months of the end of the financial year.
However, the NSWMA’s last audited Financial Statements was for financial year 2004-05.
Monroe Ellis says the issue has been the subject of previous auditor General's Annual Reports and has been discussed at Public Accounts Committee meetings since 2006.
She says the inability of the NSWMA’s management to provide timely information on the agency’s financial performance will inhibit stakeholders’ understanding of the issues and prejudice the development of evidence based strategies.
Meanwhile, the auditor general says the NSWMA’s management has indicated that audits for the financial years ending March 31st, 2006 and 2007 will be completed by the end of January 2015.
THE GLEANER MINUTE