KPMG, the independent accountant appointed by Opposition Town Council, AHPETC, concluded their findings that the root causes of the lapses were created by the Singapore government’s Town Council Act:
“The “root causes” “are fundamental to… systemic difficulties for AHTC in effectively and efficiently discharging its obligations” under the Town Councils Act and financial rules.”
KPMG also blamed the multiple lapses to the withdrawal of support by an accounting software company, AIM – a S$1 paid up capital company set up by 3 former PAP MPs. AIM discontinued their accounting services to the Town Council after the Opposition party won Aljunied GRC, as a political move orchestrated by the ruling party.
“The “root causes” “are fundamental to… systemic difficulties for AHTC in effectively and efficiently discharging its obligations” under the Town Councils Act and financial rules.”
KPMG also blamed the multiple lapses to the withdrawal of support by an accounting software company, AIM – a S$1 paid up capital company set up by 3 former PAP MPs. AIM discontinued their accounting services to the Town Council after the Opposition party won Aljunied GRC, as a political move orchestrated by the ruling party.
