- Joined
- Nov 24, 2008
- Messages
- 24,043
- Points
- 113
No System to Track Assets
During the audit of the project for the development of the Gardens by the Bay,
AGO observed that NParks did not have a system to monitor and recover money due
from its consultants and contractors for the procurement of information management
services. NParks also did not have a system to track the location of its high value
landscaping materials and plants located at the Gardens by the Bay. For proper
management and accountability of public funds, it is important for NParks to put in
place a system to track its assets.
No System to Monitor and Recover Money Due from Consultants and
Contractors
NParks did not have a system to monitor and recover money due from its
consultants and contractors for the procurement of information management services.
The costs of the services were to be shared among NParks, its consultants and
contractors. NParks was not able to ascertain whether a total of $199,800, which
NParks had paid on behalf of its consultants and contractors three to five and a half years
earlier (as at June 2014), had been recovered from the relevant parties.
For proper management and accountability of public funds, it is important
for NParks to put in place a system to monitor and recover money due from its
consultants and contractors.
Part II: Audit of Statutory Boards
.
NParks informed AGO that it would put in place a system to track and recover
money due. It had also sought clarification from its consultants and contractors on
the outstanding amounts. All outstanding amounts have since been recovered.
During the audit of the project for the development of the Gardens by the Bay,
AGO observed that NParks did not have a system to monitor and recover money due
from its consultants and contractors for the procurement of information management
services. NParks also did not have a system to track the location of its high value
landscaping materials and plants located at the Gardens by the Bay. For proper
management and accountability of public funds, it is important for NParks to put in
place a system to track its assets.
No System to Monitor and Recover Money Due from Consultants and
Contractors
NParks did not have a system to monitor and recover money due from its
consultants and contractors for the procurement of information management services.
The costs of the services were to be shared among NParks, its consultants and
contractors. NParks was not able to ascertain whether a total of $199,800, which
NParks had paid on behalf of its consultants and contractors three to five and a half years
earlier (as at June 2014), had been recovered from the relevant parties.
For proper management and accountability of public funds, it is important
for NParks to put in place a system to monitor and recover money due from its
consultants and contractors.
Part II: Audit of Statutory Boards
.
NParks informed AGO that it would put in place a system to track and recover
money due. It had also sought clarification from its consultants and contractors on
the outstanding amounts. All outstanding amounts have since been recovered.
