MEGJC – Master Inventory Record not updated to reflect asset acquisition of $15.03 million

Share This:

Auditor General's Findings

Weaknesses in Fixed Assets Management: For the Financial Year 2016/17 under review, the MECJC did not maintain the requisite fixed asset records to reflect all the fixed assets under its control, including assets purchased for approximately $15.03 million during FY2016/17, and those transferred to the Ministry when it was created in March 2016. We also identified assets that were not marked with the Ministry’s unique identification codes.

Additionally, the MEGJC did not present for audit inspection, three printers purchased at cost totalling $3.03 million as these could not be located. The Ministry’s failure to maintain proper records of its fixed assets further inhibits the Management’s ability to safeguard the assets from misappropriation and misuse, and impedes its ability to control and efficiently manage the use of the assets under its stewardship.

Responsive image

Permanent Secretary (current): Audrey Sewell

Breach Category: Resource Management

Permanent Secretary (at breach):

Breach Type: Poor Inventory Management

Notify of
Inline Feedbacks
View all comments

Most Recent Breaches

MOEYI – Over $483 Million in Procurement Not Informed by Needs Assessment

April 11, 2022 | No comments

View Breach »

MSET- Poor decision-making costs Petrojam in excess of $67 million for a fence.

April 11, 2022 | No comments

View Breach »

MSET – Deficiencies in Petrojam’s Human Resources Management Practices

April 11, 2022 | No comments

View Breach »

MLSS – $2.95 Billion in Outstanding NIS Contributions

April 23, 2021 | No comments

View Breach »

HEART/NSTA – $75 Million disbursed without Compliance Checks

April 22, 2021 | No comments

View Breach »
Would love your thoughts, please comment.x