MLSS – $2.7 Billion paid from Beneficiary Account, with no recon for six months in arrears

Share This:

Auditor General's Findings

The Auditor General Department’s 2018/19 Annual Report spoke to their audit and findings on the Integrated Support to Jamaica’s Social Protection Strategy Project (ISISPS).

The Report revealed that the reconciliation of the Ministry’s Beneficiary bank account was six months in arrears.

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.

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.

 

Responsive image

Permanent Secretary (current): Colette Roberts-Risden

Breach Category: Resource Management

Permanent Secretary (at breach): Colette Roberts-Risden

Breach Type: Untimely Preparation of Bank Reconciliation

Subscribe
Notify of
guest

0 Comments
oldest
newest most voted
Inline Feedbacks
View all comments

Most Recent Breaches

SEMC – St Elizabeth Municipal Corporation financial statements outstanding

October 1, 2024 | No comments

View Breach »

DCS – Unidentified lodgments totalling $2.1 million

April 18, 2023 | No comments

View Breach »

Accountant General – Pension Payments Made Without Verifying Life Certificates

April 18, 2023 | No comments

View Breach »

Accountant General – Overpaid Dependents a total of $4.1 million

April 17, 2023 | No comments

View Breach »

ACCOUNTANT GENERAL – Uncleared bank reconciliation items totalling $138.85 million

April 17, 2023 | No comments

View Breach »
0
Would love your thoughts, please comment.x
()
x

This site uses cookies to give you the best online experience. By using our site you agree to accept these cookies. Read more about it here.