Wednesday, 2 September 2015

Report Card On AHPETC's Finances: Financial Statements For FY2014/2015 Still QUALIFIED



Chairman Sylvia Lim of Workers' Party declared that AHPETC's latest financial statements show a 'marked improvement' on the financial health of the town council. 

She went on to talk about government grants and achieving surplus with the grant and so on. 

Marked improvement? Not quite. How can one conclude anything about the financial health of the town council when their auditor expressed 'disclaimer of opinion' on various financial statements? How can one conclude anything on the financial health of the town council when the financial statements they submitted remain QUALIFIED

So, it's now 4 years in a row that their own auditors had given them a qualified opinion on their accounts. 

This is Workers' Party's REPORT CARD as they go into this election.

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