Comments on: Compilation Report On Audit Recommendations https://bernews.com/2023/06/compilation-report-on-audit-recommendations/ Bermuda's #1 source for 24/7 breaking news, photos & videos Sun, 12 Apr 2026 17:32:17 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Joe Bloggs https://bernews.com/2023/06/compilation-report-on-audit-recommendations/#comment-5897552 Mon, 19 Jun 2023 13:39:34 +0000 https://bernews.com/?p=1312505#comment-5897552 “I will follow up as necessary on all audit recommendations.”

Please do.

]]> By: LOL - the real one https://bernews.com/2023/06/compilation-report-on-audit-recommendations/#comment-5897525 Mon, 19 Jun 2023 02:54:48 +0000 https://bernews.com/?p=1312505#comment-5897525 What is sad is that the Government paid millions for a central accounting system that does not seem to be used by every Government entity. Why are all entities not on the system? A uniform accounting system has all the checks and balances built in.

Simple example: You cannot pay an invoice from a vendor unless it matches an approved Purchase Order. A Purchase Order has an approval process that must be followed and signed off by those with the spending authority. An audit trail is produced for each step in the process.

How is it that people are not fired for not having simple things like Policies and Procedures in place? Not fired for being behind in closing out years of financials? Not fired for not having documentation to support transactions?

Question: Why not outsource the work to a third party who would enter in all the required transactions, process the paperwork, follow a uniform set of Policies and Procedures, etc.???? Centralize the work flow. WHY NOT???

Fire the people who cannot do their jobs properly and spend their salaries on a qualified third-party accounting firm.

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