Pharmacy Council of Jamaica - Unreconciled Bank Accounts

Auditor General's Findings

The 2016/2017 Annual Auditor General’s Report Section 3.2.206 revealed that, up to September 2017, the Fees Bank Account was not properly reconciled by the Pharmacy Council of Jamaica.

The Auditor General noted that a reconciling item, moved from $855,329.15 in financial year 2008/2009 to $2.24 million in the current period. Moreover, the bank balance was not reconciled to the General Ledger balance and the reconciliation presented bore no evidence of independent reviews.

The report indicated that the reconciling item represents a potential loss which should be investigated to have it resolved.

Permanent Secretary (current): Dunstan Bryan

Breach Category: Resource Management

Permanent Secretary (at breach):

Breach Type: Unreconciled Bank Accounts

Status: Full Compliance

Last Assessed: December 5, 2019

Year Reported: 2017

Year Resolved: 2019

Recommendation

The Auditor General recommended that management should implement effective controls over the preparation of the bank reconciliation statement.

JAMP Update

By way of email dated Dec 5, 2019 the Ministry provided the Reconciliation Detail for the Fees Account ending March 31, 2018. The email further advised that:-

i) The Fees Bank Account is properly reconciled up to FY 2017/18
(ii) The General Ledger and Fees Bank Account are now reconciled