By Binta Jaiteh
The Parliament’s Committee on Finance and Public Accounts Committee (FPAC) has been informed that the Gambia College failed to provide payroll reports from January to June 2019.
Nexia Payce Consulting (Chartered Certified Accountants, Registered Auditors & BusinessConsultants) Paul Gaye provided the information to the committee.
Auditors further queried that, the material lapses continued in 2020. Gaye presented the 2019 and 2020 audited Management letter of Gambia College to FPAC, on Thursday 25th April 2024.
The Gambia College Management responded saying that the Gambia College Human Resources Department was relatively new and the issue of payroll reports, monthly reconciliation between payroll report and value of instruction sent to the bank arenormally handled by the financial controller and the internal auditors.
However, the recommendations were noted and would be implemented.
Auditors discovered weak internal controls in the administration of payroll which has the potential of causing material financial losses to any organization. The audit cycles of 2019 and 2020 scrutinized deeply the payments classified under…
