Revisiting the purchases of drugs and medical supplies

Last week, we revisited the purchase of drugs and medical supplies for the Ministry of Health and the Georgetown Hospital in the light of media reports suggesting that the criteria to be used in the prequalification of suppliers are heavily weighted in favour of a local organization.

Those three financial papers (Part II)

Last Monday, we began an examination of the three financial papers that the Minister of Finance presented to the National Assembly seeking approval by way of supplementary provision in the sum of $12.385 billion.

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.