232news
By Thomas Dixon
According to the recent Auditor General’s Report, an amount of Le20 billion from a total bank balance of Le24 billion, as stated in the bank reconciliation statements, was not confirmed for the year ended 31st December 2021.
“We recommended that the DG should ensure that a follow-up is done with the banks for confirmations to be submitted to the Audit Service,”
Julius Mathai, the Director General of NMA in his response stated that the NMA is awaiting dispatch evidence from the ASSL to follow up with the relevant banks for the confirmation of bank balances”.
The Auditors stated that they received bank confirmation from the SLCB dated 2nd September 2022, with respect to five bank accounts comprising two US Dollar accounts and three Leone accounts.
“The balances confirmed for the two US Dollar and three Leone accounts were US$778,308.06 and Le5,848,964,978.21 respectively,” they maintained.
However, the Auditors noted that the Bank of Sierra Leone did not confirm one bank account with a reconciled total bank balance of Le9,575,519,646.
“Our recommendation was partially resolved. Therefore, the issue remains unresolved,” the Auditors maintained.
