The Online Citizen, 21 Feb 2014
More than 10 years of financial omissions by People’s Association in its reports
The People’s Association (PA) has had the ratings of “adverse opinion” given to its annual audits by its auditors for the years 2008 to 2011, reported website TRE Emeritus.
However, The Online Citizen has viewed the annual reports of the People’s Association (PA), from the years of 2001 to 2010.
In all these years, the PA’s auditors made some observations and noted that the financial statements of related organizations of the PA had omitted providing financial statements to the auditors.
As such, the financial statements of the PA did not include the statements of its related organizations, such as community clubs and community centres.
For financial years 2010-2012, the PA only presented “financial highlights” in their reports. “In other words, the financial reports became just financial summaries,” said TRE Emeritus.
The PA is a statutory board under the Ministry of Culture, Community and Youth (MCCY). Full story