Tag: Office of the Auditor General
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 […]
Civil service running up overtime bills
(CNS): The auditor general has noted that government has been running up overtime bills for civil servants across a number of departments, leading to budget overruns, as a result of a number of vacancies across the civil service. In Sue Winspear’s latest report on the state of public finances, the independent auditor warned government that […]
Carter’s pay-off remains secret
(CNS): How much the public purse coughed up to pay off the former director of the Department of Environmental Health, Roydell Carter, will remain a secret, as the Office of the Ombudsman has upheld a decision by government to refuse a freedom of information request made last September. Despite finding that government should not be […]
Audit was at ‘challenging time’ says Customs
(CNS): The Customs and Border Control Agency has responded to an audit report of its predecessor, the Customs Department, which was made public Thursday. The CBC noted that it was undertaken at a “particularly challenging time”, when the staff were in the middle of a number of new initiatives, including the roll-out of a new […]
Auditor finds customs falling short
(CNS): Although customs is responsible for collecting around $165 million per year in duties, fees and fines, amounting to over 20% of government revenue, the auditor general found a number of shortcomings at the unit, including a lack of any plans and a failure to manage duty waivers. In her latest report, based on an […]
CPA not covered by PA law, claim officials
(CNS): Planning Director Haroon Pandohie and the chief officer in the ministry responsible for the Central Planning Authority have both said that the entity does not fall under the Public Authorities Law. Despite concerns from the public and some politicians that it is the Cayman Islands’ most conflicted board, the CPA does not fall under […]
OfReg and CIMA directors top pay of SAGCs
(CNS): A new report from the Office of the Auditor General has revealed significant disparities in how much staff, bosses and board directors are paid across statutory authorities and government companies (SAGCs). The report shows the board chairs of OfReg and CIMA are making $4,500 and $4,000 per month and their directors are also the highest […]
Ethics law undergoing another review
(CNS): The long-awaited Standards in Public Life Law, which was first passed by the Legislative Assembly more than four years ago, is going through another review because of backlash from private sector board members, who don’t want their information being made public, government officials told the Public Accounts Committee Wednesday. Although the law was amended […]
Airport 20% over budget and a year late
(CNS): The Office of the Auditor General has finally released a redacted copy of an audit report it completed last year, which was initially withheld, on the Owen Roberts International Airport renovation project. Sue Winspear and her team have revealed that the cost of the project is at least 20% more than originally budgeted, that it […]
NAU identifies trend of ageing customers
(CNS): The director of the Needs Assessment Unit, Tamara Hurlston, told the Public Accounts Committee that her team had noticed a trend of increasing numbers of elderly people coming to them for help, especially indigent medical support, as meagre private sector pensions fail to stretch to the costs of health insurance.
