The Junior Common Room (JCR) of the Mensah Sarbah Hall (MSH) has postponed its handing over ceremony due to inconsistencies in the financial statement of the outgoing executives.
At a legislative meeting on February 10, members of SAKNESSET raised some key issues with the ‘Audited Financial Statement of the JCR for 2019’.
Key among the issues raised was the inability of the executives to properly enlist some of the expenditure for some items that JCR monies were expended on. Additionally, monies were also expended on items and activities that had not been initially budgeted for.
The House subsequently moved a motion that compelled the financial report to be given a second and thorough auditing by the Auditing Committee.
Also, a Committee of Enquiry was formed to peruse and subject the financial statement through a thorough scrutiny. The committee was also tasked to highlight the said ‘inconsistencies’.
Univers News understands that the report presented to the house has been previously audited by the same Committee however owing to the gross discrepancies in the report, the JCR is compelled to take a second look at it.
It was revealed that the first auditing process took about a week to complete. According to the Chairman of the committee, the duration was short and inadequate and hence affect the thoroughness of the work.
The Auditing Committee has been given up until Friday, February 14, 2020, to complete the auditing process and furnish the House with the report.
The development is to give the Audit Committee ample time to properly scrutinize the financial statement of the JCR over the period of rule of the Theophilus Pius Baidoo’s led administration.
The handing over ceremony was initially scheduled to take place on February 12, 2020, at 3 PM.
However, a new date has not been settled on for the handing over ceremony. The news date will be communicated after the findings of the Audit Committee have been filed.
Story by: Michael Papanii | universnewsroom.com