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Audit Service Sierra Leone has in a press release issued on Tuesday 23 August 2022 Named institutions that have failed to submit their financial statement for auditing.
According to the press release Section 119(2) of the 1991 Constitution mandates the Auditor-General to audit the Public Accounts of Sierra Leone and all public offices including the courts, the accounts of the central and local government administrations, the universities, and public institutions of like nature, any statutory corporation, company or other body or organization established by an Act of Parliament or statutory instrument or otherwise set up partly or wholly out of Public Funds.
Sections 86(1) and 118(1)(b) of the Public Financial Management Act 2016 state that the Annual Financial Statements of Public Enterprises, Commissions, and Agencies shall be audited by the Auditor-General or other auditor appointed by him.
The Acting Auditor General of Sierra wishes to inform the general public that the following institutions failed to submit their financial auditing:
INSTITUTIONS
1 Nuclear Safety Radiation Protection Authority: 2021
2 Sierra Leone National Conservation Trust Fund: 2019 – 2021
3 Sierra Leone Housing Corporation: 2020 – 2021
4. Sierra Leone Postal Services Limited: 2019 – 2021
5 Sierra Leone Producing Marketing Company: 2018 – 2021
6 Sierra Leone State Lottery 2020: 2021
7 Sierra Leone Telecommunication Company: 2020 – 2021
8 Corporate Affairs Commission: 2021
9 Council of Legal Education – Sierra Leone Law school: 2021
10 Golden Tulip Essential Kimbima Hotel: 2021
11 Independent Media Commission: 2021
12 National Medical Supplies agency: 2021
13 Sierra Leone Stock Exchange: 2020 – 2021
14 National Assets Commission: the Since formation
15 National Drugs Control Agency: the Since formation
16 National Pharmaceutical and Procurement Unit: the Since formation
17 Western Area Hospital Board: the Since formation
The above institutions, having failed to submit their financial statements for auditing should therefore collectively account for huge amounts of monies generated or received as budgetary allocations /subventions
