The WorldCom accounting scandal

Last week, we concluded our discussion of the Enron accounting scandal. We noted that commercial interest took precedence over allegiance to professional integrity and that the Enron case was the biggest audit failure in American history.

Accountability of statutory bodies

Part II   Last week, we examined the accountability arrangements of all statutory bodies, especially as regards compliance with the Fiscal Management and Accounta-bility (FMA) Act.

An accountant’s view of conflict of interest

The issue of conflict of interest has been in the news over the last few weeks, especially in the light of the disclosure by one of the media houses that the Alliance for Change (AFC) Chairman is also the Company Secretary of the Amaila Falls Hydro Inc., the company that was set up to manage the construction and operations of the Hydro Project.

Organisational management:

A historical perspective and the challenges ahead (Part II) Last week, we began a discussion of organizational management because of its relevance to both the public and private sectors but more especially in the light of the myriad of problems facing a number of state institutions.

Guyana Power and Light furore

I was prompted to write this article because of my dismay at news reports about the salaries/fees payable to the Chief Executive Officers (CEOs) and the Chairmen of the Guyana Power and Light (GPL) and the Guyana Sugar Corporation (GUYSUCO), in the light of the disastrous performance of these state-owned entities over the years.

Approaches to decision making (Part II)

Accountability Watch

Freedom of expression – in particular, freedom of the press – guarantees popular participation in the decisions and actions of government, and popular participation is the essence of our democracy.

Second revisit of the NICIL controversy (Part II)

Accountability Watch

Introduction In my last week’s column, I gave a background to the Public Corporations Act 1988 and assessed the implications of the notification of 18 July 2000 relating to the vesting in NICIL movable and immovable property of the State.

Those purchases of drugs and medical supplies

Accountability Watch

Introduction As I was about to prepare Part II of my article on the 2011 Auditor General’s report on the Ministry of Finance, three media reports on the procurement of drugs and medical supplies for the Georgetown Hospital and the Ministry of Health caught my eye.