{"id":502,"date":"2020-07-30T14:55:00","date_gmt":"2020-07-30T14:55:00","guid":{"rendered":"http:\/\/audit.gov.ms\/?p=502"},"modified":"2020-07-30T14:55:00","modified_gmt":"2020-07-30T14:55:00","slug":"montserrat-ferry-service-operations","status":"publish","type":"post","link":"http:\/\/audit.gov.ms\/?p=502","title":{"rendered":"Montserrat Ferry Service Operations"},"content":{"rendered":"\n<p>The Office of the Auditor General is pleased to announce\nthat its report entitled <strong>Special Financial and Compliance Audit on the\nOperations of the Montserrat Ferry<\/strong> <strong>Service<\/strong> was presented to the Legislative\nAssembly on July 28 2020.&nbsp; <\/p>\n\n\n\n<p><strong>Background: <\/strong>&nbsp;This review assessed whether the\nrelevant systems and processes were in place to ensure the effective and\nefficient operation of the Montserrat Ferry Service and that activities, financial\ntransactions and information comply, in all material respects, with relevant\nstandards and GoM policies and regulations.&nbsp;\n<\/p>\n\n\n\n<p><strong>&nbsp;Key Findings\ninclude<\/strong><\/p>\n\n\n\n<ul><li>The Office of the Auditor General could not\nobtain reasonable assurance on submitted documentation as they were not in\nkeeping with applicable financial reporting framework.&nbsp; Additionally, a number of supporting documents and budgets were either\nnot submitted or were reported as missing.<\/li><li>Revenue collected\nby one Agent\nwas not being consistently deposited in a timely manner. &nbsp;In some instances, deposits were done several\nweeks after collection. <\/li><li>There were\ndifferences between the sales reported on the online ferry system and the each\nagent\u2019s reported sales.&nbsp; <\/li><\/ul>\n\n\n\n<p><strong>Key\nRecommendations<\/strong><\/p>\n\n\n\n<p>The Office\nof the Auditor General provided recommendations which include: <\/p>\n\n\n\n<ul><li>Deposits should be\ncarried out daily and all cash receipts should be deposited in a timely manner, as daily deposits reduce the risk of fraud.<\/li><li>Separate sales\nreports should be generated for both morning and evening journeys to facilitate\nreconciling the agents reports to the online ferry system.<\/li><\/ul>\n\n\n\n<p>Subsequent\nto the Audit Office fieldwork, several developments were brought to their\nattention to include that the financial transactions of the ferry service will\nbe incorporated into the GoM accounting system and will be reflected in the\n2019\/20 Public Accounts.<\/p>\n\n\n\n<p>The full audit report highlights several other\nfindings and recommendations which will bring significant improvements once\nimplemented. <\/p>\n\n\n\n<p><strong>The\nreport in its entirety can be found at the Montserrat Public Library or by\nvisiting&nbsp;<a href=\"http:\/\/audit.gov.ms\/publications\/\">Publications<\/a>&nbsp;or by requesting an\nelectronic copy from the Office of the Auditor General<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Office of the Auditor General is pleased to announce that its report entitled Special Financial and Compliance Audit on the Operations of the Montserrat Ferry Service was presented to the Legislative Assembly on July 28 2020.&nbsp; Background: &nbsp;This review assessed whether the relevant systems and processes were in place to ensure the effective and [&hellip;]<\/p>\n","protected":false},"author":1001003,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/audit.gov.ms\/index.php?rest_route=\/wp\/v2\/posts\/502"}],"collection":[{"href":"http:\/\/audit.gov.ms\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/audit.gov.ms\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/audit.gov.ms\/index.php?rest_route=\/wp\/v2\/users\/1001003"}],"replies":[{"embeddable":true,"href":"http:\/\/audit.gov.ms\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=502"}],"version-history":[{"count":0,"href":"http:\/\/audit.gov.ms\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions"}],"wp:attachment":[{"href":"http:\/\/audit.gov.ms\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/audit.gov.ms\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=502"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/audit.gov.ms\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}