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15-07-2015, 09:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
The AGO's checks found that the chairman of a CCC was involved in approving the award of two contracts worth a total of S$32,000 and corresponding payments to a company of which he was a member of the senior management. For one of the awards, another CCC member involved in the approval process was both a director and shareholder of the company, the AGO said.
The CCC chairman also approved payment for a purchase worth S$1,500 from another company where he was both a director and shareholder.
In these cases, the two CCC members involved did not declare their interests in the transactions, the AGO said. "As a result, there was no assurance that the transactions were conducted at arms' length."
PA acknowledged that the chairman should not have approved the payments, but checked and found that there was no irregularity in the payments as the amounts tallied with the quotations and the work tendered.
Test-checks revealed seven instances where the CCC chairman was involved in approving his own claims, totalling S$114,767 - a "clear conflict of roles", the AGO said. In three of these payments, no supporting documents were available.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?210555-Auditor-General-uncovers-in-PA-CCC&goto=newpost).
The AGO's checks found that the chairman of a CCC was involved in approving the award of two contracts worth a total of S$32,000 and corresponding payments to a company of which he was a member of the senior management. For one of the awards, another CCC member involved in the approval process was both a director and shareholder of the company, the AGO said.
The CCC chairman also approved payment for a purchase worth S$1,500 from another company where he was both a director and shareholder.
In these cases, the two CCC members involved did not declare their interests in the transactions, the AGO said. "As a result, there was no assurance that the transactions were conducted at arms' length."
PA acknowledged that the chairman should not have approved the payments, but checked and found that there was no irregularity in the payments as the amounts tallied with the quotations and the work tendered.
Test-checks revealed seven instances where the CCC chairman was involved in approving his own claims, totalling S$114,767 - a "clear conflict of roles", the AGO said. In three of these payments, no supporting documents were available.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?210555-Auditor-General-uncovers-in-PA-CCC&goto=newpost).