The Report of the Auditor General on the Audit of\nthe Public Accounts of Montserrat 2018-2019 was presented to the Legislative\nAssembly on 28 July, 2020. <\/p>\n\n\n\n
Background<\/strong><\/p>\n\n\n\n The Auditor\nGeneral has the responsibility of auditing the Public Accounts of Montserrat\nand of all public offices and public bodies established by an Act of Parliament\nand to provide a report on her findings to the Legislative Assembly as per\nSection 103 of the Montserrat Constitution order and Section 42(1) of the\nPublic Finance (Management and Accountability) Act 2008. <\/p>\n\n\n\n Conclusions\nfrom the Audit of the 2018-19 Accounts<\/strong><\/p>\n\n\n\n The\nGovernment of Montserrat was issued with a qualified opinion on the 2018-2019 Public\nAccounts of Montserrat by the Office of the Auditor General. This audit opinion was given as the Auditor\nGeneral, Ms Florence Lee determined that 2 major financial statements had\nmaterial misstatements and a number of regularity breaches were identified. <\/p>\n\n\n\n The\nmaterial misstatements were the:<\/p>\n\n\n\n The regularity\nbreaches include<\/p>\n\n\n\n Additionally,\nwithout modifying the opinion, the Auditor General drew attention to the fact\nthat a significant principle of government accounting is that a government should\nimplement a balanced budget. For the\n2018-19 fiscal year, recurrent expenditure exceeded recurrent revenue by $1.22M.<\/p>\n\n\n\n