Sunday, Oct 20, 2019
HomeHomeAuditor general’s outsourced audits cost govt over $500k

Auditor general’s outsourced audits cost govt over $500k

The government has spent over $500,000 on the Office of the Auditor General’s external audits, which include several forensic audits promised when it first came to office in 2017.

“There are a number of audits that have been completed, as you are quite aware,” said Turnquest after addressing a meeting of the Rotary Club of West Nassau at Poop Deck at Sandyport yesterday.

“There is at least one that I know that has been wrapped up, that is in the report writing stage… Be assured that once they are prepared and finalized, have gone through the review stage and we’ve considered them, they will be made public.

“There is no intent to hide or to be less than transparent with respect to these matters. A lot of the times the issues that are being looked at may be sensitive, they may be connected to other things, so we just want to be careful about how we go about releasing this information because even in terms of people that may be involved, you just don’t want to be reckless with these kinds of matters.

“Once everything, all things have been considered and evaluated, I’m sure they’ll be made public.”

Upon coming to office, the Minnis administration committed to conducting forensic audits on numerous government corporations and departments, including Bank of The Bahamas, Urban Renewal, the former administration’s hurricane relief program and the Bahamas Agriculture and Marine Science Institute (BAMSI).

The government has already tabled audits into the Ministry of Finance, the Water and Sewerage Corporation, Bahamas Power and Light and the Urban Renewal Department in Grand Bahama.

Asked yesterday the cost of the forensic audits, Turnquest said, “The cost of all external audits that the auditor general has done, which would be these forensic audits, as well as some of the other audits that they would have contracted out, it’s about $519,000.

“So that’s a combination of forensic audits as well as regular audits that the auditor general would have contracted to third parties because of limited resources internally or because of specialized nature or whatever.”

Sloan Smith

Staff Reporter at The Nassau Guardian
Sloan covers national news for The Nassau Guardian. Sloan officially joined the news team in September 2016 but interned at The Nassau Guardian while studying journalism at the University of The Bahamas.
Education: Vrije Universiteit Brussel (University of Brussels), MA in Mass Communications

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