NewsWhore
08-30-2011, 04:00 PM
According to a report delivered by the Chamber of Accounts to the Office of the Controller of the Republic, the CDEEE does not follow most of the accounting guidelines and this makes an audit impossible. According to El Nuevo Diario, Chamber of Accounts president Licelott Marte de Barrios revealed yesterday that "the many irregularities discovered" in the audit of the Dominican State Electricity Companies (CDEEE) in 2009 kept the auditing firm concerned from issuing an opinion on their bookkeeping. The audit was attempted by KPMG at the request of the incoming executive vice-president, Celso Marranzini, and the international agencies that provide financial support for the state electricity business. Marranzini replaced Radhames Segura on 16 August 2009.
The items that could not be not properly explained included RD$797.9 million in accounts receivable from clients, and related entities and accounts payable to energy providers.
The auditors found certain differences in accounts receivable and payable with related businesses for net amounts of about RD$49.1 billion and RD$2.3 billion respectively.
Yesterday the Chamber of Accounts, with sponsorship from the United States Agency for International Development (USAID) placed into circulation the Operations Manual for Governmental Audits which will provide greater security and quality to the audits carried out by the chamber.
www.hoy.com.do/el-pais/2011/8/29/390805/Muchas-irregularidades-CDE-impiden-terminar-auditoria (http://www.hoy.com.do/el-pais/2011/8/29/390805/Muchas-irregularidades-CDE-impiden-terminar-auditoria)
More... (http://www.dr1.com/index.html#3)
The items that could not be not properly explained included RD$797.9 million in accounts receivable from clients, and related entities and accounts payable to energy providers.
The auditors found certain differences in accounts receivable and payable with related businesses for net amounts of about RD$49.1 billion and RD$2.3 billion respectively.
Yesterday the Chamber of Accounts, with sponsorship from the United States Agency for International Development (USAID) placed into circulation the Operations Manual for Governmental Audits which will provide greater security and quality to the audits carried out by the chamber.
www.hoy.com.do/el-pais/2011/8/29/390805/Muchas-irregularidades-CDE-impiden-terminar-auditoria (http://www.hoy.com.do/el-pais/2011/8/29/390805/Muchas-irregularidades-CDE-impiden-terminar-auditoria)
More... (http://www.dr1.com/index.html#3)