Tag: Office of the Auditor General
Welfare problems neglected for years
(CNS): The report released by the Office of the Auditor General yesterday highlights the last government’s neglect of the welfare system throughout its time in office. Over two administrations, the PPM failed to develop appropriate policies, leaving the departments that deal with those in need in a perpetual state of crisis management.
CIG fails on healthcare and welfare policies
(CNS): More than six years after the Office of the Auditor General first raised the alarm about the government’s failing social welfare system and almost five years after it warned that the health system was riddled with problems, no policies, plans or strategies have been implemented to address the myriad problems.
Ministries still failing to report on cash collected
(CNS): Two of government’s most senior accountants, Financial Secretary Ken Jefferson and Accountant General Matthew Tibbetts, told Finance Committee Tuesday that work is underway to get each ministry to properly report on the coercive revenue they collect on their own books. Currently, funds that government entities collect from members of the public and businesses appear […]
CIG struggling with EPS reporting on $1.1B
(CNS): The Cayman Islands Government collected almost CI$1.14 billion in revenue in 2019 but is still struggling to properly report how it collected and spent the significant amount of taxpayer dollars. In her latest report, Auditor General Sue Winspear said that when it comes to the Entire Public Sector (EPS) consolidated financial statements, the CIG […]
CIG still failing on public cash transparency
(CNS): Government entities have not yet published more than one quarter of the financial reports outlining how they spent public money over the four year period, 2015–16 to 2019, covered in the latest report by Auditor General Sue Winspear. Despite significant improvement in government accounting, in many areas there is still a lack of transparency, […]
35 public audits meet deadline but legacy issues roll on
(CNS): The auditor general, Sue Winspear, has confirmed that the financial audits of 35 public sector entities were completed and all received unqualified audit opinions by the statutory deadline of 30 April. This represents a significant improvement on public sector financial reporting from days gone by, and Winspear highlighted the work of the outgoing Public […]
FS warns of long road to modernise CIG budget
(CNS) Financial Secretary Kenneth Jefferson has accepted that the current budget system doesn’t make the important link to show how public cash being spent by government is achieving its stated policies. The system is based on outputs rather than outcomes, which does not help people understand the real performance of government, he explained, but said […]
Officials blame consultants for $74M airport bill
(CNS): Airport bosses blamed the increased costs, delays and general mismanagement of the airport terminal project on the consultants when they appeared before the Public Accounts Committee on Wednesday. With an expected final cost now of more than $74 million just for the terminal, around $22 million more than the original budget, Cayman Islands Airports […]
OAG: Budgets are opaque and complex
(CNS): The government’s budget process is neither effective nor transparent and needs significant improvement to make it more simple and accountable, the auditor general has said in her latest report. Sue Winspear said that limited progress has been made in addressing the concerns her office has raised for more than seven years about how government […]
Turtle farm accounts delayed by fraud case
(CNS): The delayed release of three years worth of the Cayman Turtle Centre’s accounts was due to a “very complex” audit resulting from financial irregularities uncovered in 2017, the Public Accounts Committee heard Wednesday. Four people have been charged with fraud-related offences in the case of corrupt procurement at the government-owned farm that has sucked […]
COVID-19 estimated cost is $46.7M
(CNS): The auditor general has found that government’s estimated spending and committed expenditure on the COVID-19 pandemic, as at 19 June, is CI$46.7 million. This unaudited estimate does not include lost revenue and is based on available information supplied by government. With more work to come on the wider costs of this healthcare crisis, Sue […]
