Audits of MARAD, other statutory bodies still pending despite billions in allocations

The Government of Guyana continues to funnel money into several statutory agencies but audits of the expenditure of billions over the last decade are still pending in many cases.

One such agency is the Maritime Administration Department (MARAD), which has not had a completed audit since 2005.

According to the most recent Auditor General’s report, MARAD is subject to separate financial reporting and audit but while field work for audits in 2006 and 2007 are completed, the 2008 to 2009 audits “continue,” while the 2010 to 2012 audits need to be planned and financial statements for 2013 to 2017 have not been submitted to the Audit Office.

Stabroek News attempted to contact Auditor General Deodat Sharma to understand why audits for 2006 to 2012 have not been completed and what efforts have been made to source financial statements for 2013 to 2017 but repeated efforts to reach him over a two-week period failed.