22 Jun 2015

Cooks audit office highlights poor spending, management

1:58 pm on 22 June 2015

Budget overspending and poor management of public funds are just some of the failures of Cook Islands government ministries and agencies in the latest Audit Office reports.

The Cook Islands News reports that 76 dated reports, 68 covering financial audits and eight special review reports for the 2013/2014 financial year were only being tabled in Parliament last week.

In his annual report, the director of audit, Allen Parker, says systemic failures and anomalies highlighted through management audit reports show that little progress has been made.

Mr Parker also highlighted poor internal controls over spending, and the timeliness and accuracy of financial statements made available for audit.

Poor record keeping, asset management and retention of financial documents were also an issue.