The Auditor General Department’s review (F/Y 2018/19) of the Integrated Support to Jamaica’s Social Protection Strategy (ISISPS) revealed that the reconciliation of the Beneficiary bank account was six months in arrears; January 2019 being the last month reconciled.
Further, the December 2018 bank reconciliation statement included reconciling items amounting to J$15.60 million, coming from as far back as 2006. This comprised bank charges of J$1.43 million, Erroneous debits amounting to J$12.79 million and stamp duty, totalling J$1.37 million.
PATH indicated that the outstanding reconciliations were not completed due to system related issues with the accounting software. PATH’s delay in reconciling the Beneficiary bank account compromised the internal control surrounding the Project’s cash resources, making it possible for errors and irregularities to remain undetected for protracted periods.
The Beneficiary bank account is the sole account through which beneficiary payments are made and US$2.7 billion was paid out during the period that the reconciliations were not done .
Permanent Secretary (current): Colette Roberts-Risden
Permanent Secretary (at breach): Colette Roberts-Risden
Breach Category: Resource Management
Breach Type: Untimely Preparation of Bank Reconciliation
Last Assessed: May 14, 2020
JAMP requested on March 6, 2020, documentation to substantiate the current status of the reconciliation of the Beneficiary Accounts. Request acknowledged without a formal response.
No Calls To Action are currently associated with this breach.
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