The Tobago House of Assembly (THA) is committed in addressing all issues regarding its accounting system. This is the assurance being given by THA Chief Administrator Raye Sandy, who is also accounting officer for the Assembly.
In a release this morning, Sandy acknowledged that some areas of the THA’s accounting system needed to be improved. He indicated that after receiving the Auditor General’s report for fiscal 2006, the Assembly immediately began taking steps to address any deficiencies identified.
These steps include its transition plan to adopt the International Public Sector Accounting Standards (IPSAS), and the formalizing of the archiving system for the Assembly’s transaction records, which Sandy said has “actively engaged the attention of the various Divisions of the THA”.
A recent Auditor General’s report identified inefficiencies in the THA’s Accounting system. Sandy acknowledged that the inefficiencies identified in the report were valid and steps had been taken in the past to address them.
However he revealed that a renewed effort would be made to ensure compliance with the laws of the Republic of Trinidad and Tobago.