Large discrepancies in Transport Ministry’s financial records: audit report
09 May 2012, 1:55 PM
Hawwa Lubna
Auditors have found large discrepancies between the financial records maintained by the Ministry of Transport and Communication and the general ledger kept by the Ministry of Finance and Treasury.
According to the Transport Ministry’s 2010 audit report, the ministry’s records show that a total of Rf26 million (US$1.7 million) was spent on purchasing information technology hardware, while the Finance Ministry’s ledger for National Center for Information Technology had no record of the expense.
Meanwhile, income received as Driving Licence Insurance Fee was recorded in the Transport ministry’s books as Rf229,935 (US$14,911) more than the amount stated in the Finance ministry’s ledger while the total income received by the Transport Authority in 2012 was recorded as Rf2.3 million less in the ministry’s ledger.
The latter discrepancy occurred because the ministry had not updated their records with the income generated from ministry’s services provided in the atolls under the Decentralisation Act, the report said.
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