Saturday 9 July 2016

Duplication of work by independent accountants



The Court of Appeal has instructed PwC, the independent accountant appointed by the PAP TC to straighten Punggol East SMC's accounts, to COMMUNICATE DIRECTLY with KPMG, the independent accountant appointed to look into AHTC's accounts.

This ends months of AHTC denying PwC requested documents necessary to sort the accounts.

What it means is that PwC does not have to talk to AHTC to request for information. The independent accountants from the two accounting firms now talk to each other, by-passing AHTC.

Not necessary to duplicate work, Pritam says? Pritam Singh should let Singaporeans know how such a situation arose.

PRPTC had in the beginning asked AHTC to JOINTLY APPOINT KPMG as independent accountant, but AHTC had rejected that request.

As the party elected to take care of Punggol East, the town council has a duty to its residents to make sure that their interests are well taken care of, including how monies that they had contributed through S&CC are spent.

PRPTC appointed its own independent accountant when AHTC rejected PRPTC's request to jointly appoint KPMG as independent accountant.

PRPTC: Pasir Ris Punggol Town Council
AHTC : Aljunied Hougang Town Council

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