Tag: Office of the Auditor General
Gov’t bean counters make audit deadline
(CNS): Twenty-eight public sector entity audits have met the the 30 April statutory deadline and have all received unqualified audit opinions. Despite the disruption caused by the coronavirus to government business and the majority of offices being closed, over half the entities required to do so have completed their legal obligation, which Auditor General Sue […]
OfReg accused of wasting more public cash
(CNS) Updated with correction: The utilities regulator, OfReg, which has already faced criticisms for its lavish spending of public cash while failing to address any of the issues it was created to tackle, wasted well over CI$200,000 in 2018 on renting an office it never used. The regulator also exceeded its travel budget for that […]
Civil service pay-offs still causing audit concerns
(CNS): Government’s efforts to keep a lid on the details of the pay-offs it has made, and continues to make, to senior civil servants who have left the public sector under questionable circumstances are still raising issues for the Office of the Auditor General. In her latest report looking at government finances, Auditor General Sue […]
Clarity needed on who runs the court, says DG
(CNS): Questions about the efficiency of the Cayman Islands court system that were raised in a report by the auditor general were the focus of a Public Accounts Committee hearing Monday, when the deputy governor revealed that, when it comes to the administration, who runs what is not entirely clear. Franz Manderson said that while […]
NRA spending not properly controlled
(CNS): The National Roads Authority has been spending large sums of cash without following the proper tendering process, the Office of the Auditor General found in a review of the authority’s financial reports. The NRA has spent public cash on marl, crosswalks and other equipment without putting the pricey contracts out to competitive bids. The […]
Four gov’t entities miss audit deadline
(CNS): Auditor General Sue Winspear said she was “delighted” with this year’s financial reporting by most government entities after giving 36 out of 40 audits for the 2018 fiscal year a clean bill of health. But she has also noted continued failings in her latest report, released Monday. Despite the improvement on the chaos surrounding […]
Audit struggles to measure court efficiency
(CNS): Measuring the cost and efficiency of administering justice in Cayman’s lower courts proved difficult for the Office of the Auditor General after a review found limited performance information and gaps throughout the system, including over the new courthouse investment. Auditor General Sue Winspear said the business case for the project was still in draft, […]
Schools failing despite high spending
(CNS): The government is spending 66% more per student than the global average and the second highest investment per head in OECD countries, but many government schools in Cayman are still under-performing, the Office of the Auditor General found. In a report examining how effective the education ministry is at using its resources to maximise […]
OAG calls for improved contract management
(CNS): The Office of the Auditor General found that government could save public cash with better management of services contracted out to the private sector. In her latest report, which examined the main service areas where core government uses the private sector, such as gardening and school buses, Auditor General Sue Winspear again found numerous […]
Development Bank has $16+M in bad debt
(CNS): The Cayman Islands Development Bank continues to battle a mountain of bad debt that represents more than half of its entire loan portfolio. According to the Office of the Auditor General (OAG) the bank’s financial statements showed it holds more than $16.3 million in loans that are not being repaid. The bank received one […]
Auditor warns gov’t about travel expenses
(CNS): Some government departments are still not justifying their travel expenses and the auditor general is warning public sector accountants that there should be business cases for entertainment, hospitality and travel costs because the area is vulnerable to “abuse and misuse”. In her latest report reviewing the state of government’s financial reporting, Sue Winspear said […]
