“We’ll make the government work harder”……to fix your screw-ups….
SINGAPORE: The Auditor-General has flagged major lapses in “governance and compliance” following an audit of Aljunied-Hougang-Punggol East Town Council’s (AHPETC) accounts for the Financial Year 2012-13.
In its report, which has been sent to all Members of Parliament, the Auditor-General highlighted five “major lapses” in governance and compliance:
- Failure to transfer monies into the sinking fund bank accounts as required by the Town Councils Financial Rules;
- Inadequate oversight of related party transactions involving ownership interests of key officers, hence risking the integrity of such payments;
- Not having a system to monitor arrears of conservancy and service charges accurately and hence there is no assurance that arrears are properly managed;
- Poor internal controls, hence risking the loss of valuables, unnecessary expenditure as well as wrong payments for goods and services; and
- No proper system to ensure that documents were safeguarded and proper accounts and records were kept as required by the Town Councils Act.
Based on its audit observations, the Auditor-General concluded that the “financial statements for FY 2012/13 prepared by AHPETC did not accurately reflect the state of affairs and transactions of AHPETC.
“Until the weaknesses are addressed, there can be no assurance that AHPETC’s accounts are accurate and reliable, or that public funds are properly spent, accounted for and managed,” the AGO said.
“Does that mean I now have to pay my conservancy charge?” said Florence Tong f/43 a housewife when interviewed at Bedok Reservoir market.
You can read the AG report here.