Sunday, 17 April 2016

End of the Blame Game?



For the past few years since WP-run town council failed their first financial audit, it had been one blame game after another by WP.

First it was AIM's fault, then it was the fault of CPG, the previous managing agent, then MND's fault, HDB's fault, and not to forget, PAP's fault.

But eventually the game came to an end and it all boils down to WP's lack of competence, lack of due diligence and lack of honesty.

But while the game was still going on, the then chairman of the town council, Sylvia Lim had gone from one lie to another and it's just amazing how a person can lie so often with such a straight face.

In their first monthly progress report on AHTC, KPMG identified a number of root causes for their troubles.

These are:
AHTC’s governance framework and policy management;
AHTC’s accounting practices;
AHTC’s Finance Department’s capability and management personnel retention;
The Accounting System used by AHTC to record and account for its transactions.
The root causes cover practically everything - from governance to practices to people to system.

 http://www.ahtc.sg/links/2016/04/201604-KPMG-Monthly-Report-on-Progress.pdf

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