Gambia College urged to provide 21M vouchers
The Finance and Public Accounts Committee (FPAC) of the National Assembly has urged the principal of Gambia College to provide to auditors, on or before 28th September 2023, all missing vouchers amounting to D21 million, failure of which, the Inspector General of Police (IGP) must launch an investigation immediately and report to FPAC within 90 days.
The FPAC report highlighted that D21 million worth of missing payment vouchers and investment certificates were queried by the auditors.
The report revealed that the annual Activity Report and audited Financial Statement of Gambia College for the year ended 31st December 2018 was presented to the National Assembly.
“Activity Reports and financial Statements for 2019, 2020, 2021 and 2022 remain outstanding. GPPA’s Draft Compliance Reports on Gambia College for 2019 and 2020 were not finalized,” the report stated.
During the interface with the Governing Council and Management of Gambia College, the Committee observed that the external auditor submitted a draft management letter to Gambia College since November 2021 and the management responses were received 10 months later.
According to the report, auditors also decried lack of cooperation from Gambia College, especially from the board chairman. “Even after involving the Auditor General’s Office, Gambia College’s behaviour remained unacceptable,” the report states.
The Committee recommends that Gambia College must respect the agreed timeframe with the external auditors.
Source: The Point