Tag: Office of the Auditor General
Cruise project progresses in secrecy
(CNS): The government is maintaining a veil of secrecy around the progress of the cruise berthing project, despite being very close to declaring a preferred bidder. Despite the massive public interest in what will be the biggest ever infrastructure project in Cayman Islands’ history, the tende [...]
CIG’s full 2016 accounts receive adverse opinion
(CNS): The government’s Entire Public Sector consolidated financial report for the year ending June 2016 has received an adverse opinion from Auditor General Sue Winspear for a long list of reasons, including the government’s failure to fairly state its liabilities and of poor controls over coer [...]
Consultants and temps cost public $38.5M in 5yrs
(CNS): The Cayman Islands central government spent more than CI$38.5 million on consultants and temporary staff between June 2012 to June 2017, according to a new report from the Office of the Auditor General (OAG). The latest audit into how the government is spending public cash once again raises [...]
Taxes missing from all public accounts
(CNS): Government departments are still not reporting on the cash that is collected from taxpayers in their individual financial and management accounts. Although civil service management and even the Public Accounts Committee has been congratulating financial officers and their teams of government [...]
Risk committee to be created before governor leaves
(CNS): The financial secretary has said that a risk and audit committee should be in place before Governor Helen Kilpatrick leaves the jurisdiction. The creation of yet another government oversight body designed to eliminate the threats to public cash from poor governance has been recommended by the [...]
Auditor invites public opinion on oversight
(CNS): With plans to undertake five performance audits this year, looking at education, diversifying the economy, efficiency of the court system, improving financial accountability and transparency, and government’s use of outsourced services, the Office of the Auditor General is asking the public [...]
PAC pats CFOs on back for ‘job well done’
(CNS): Chief financial officers from government departments were congratulated by the chair of the Public Accounts Committee this week for a “job well done” after achieving clean audits for the first time since government changed its accounting system more than 12 years ago. Although app [...]
Auditor general warns SAGCs are under strain
(CNS): Well over half of all statutory authorities and government companies that are managed as autonomous public sector entities are running at a loss and under considerable strain, the auditor general has warned. Sue Winspear said more than eight SACGs had ended the last five years with deficits i [...]
Government still breaking spending rules
(CNS): The Office of the Auditor General (OAG) has concerns that government officials are still not following the proper process when it spends public money especially when contracting sole suppliers to do government business. In her latest report reviewing government’s financial reporting, al [...]
CIG accounts almost there after a decade of trying
(CNS): The auditor general has produced a report analysing the government’s financial accounts for the year ending June 2016 and for the first time since the accounting system changed in 2005, none of the 42 entities audited received an adverse or disclaimed opinion and 30 managed an unqualif [...]
Recent Comments