Financial Management & Audit Act To Be Reformed

Sharon Austin Top Stories

The Financial Management and Audit Act is being reformed in an effort to strengthen existing weaknesses in Government’s financial management system. This news came today from Minister in the Ministry of Finance, Ryan Straughn, as he delivered the feature address at the Annual Conference of the Institute of Chartered Accountants of Barbados (ICAB), at the Lloyd Erskine Sandiford Centre. Mr. …

State Enterprises’ Accounts Must Be Up-To-Date

Sharon Austin Top Stories

Government is seeking to have the audit of accounts of key state enterprises brought up to date by March 31, 2019, under the Barbados Economic Recovery and Transformation Program. This disclosure came today from Minister in the Ministry of Finance, Ryan Straughn, as he delivered the feature address at the Annual Conference of the Institute of Chartered Accountants of Barbados …

Program Does Not Take Draconian Approach

Sharon Austin Top Stories

The Barbados Economic Recovery and Transformation Program “does not take the draconian and outdated approach” of targeting a specific number for the sending home of public workers. This view was expressed by the Barbados Economic Recovery Team, in response to questions recently asked by retired senior lecturer in economics at the University of the West Indies, Cave Hill Campus, Professor …

Prime Minister Mottley: Real-Time Data Needed

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley has told accounting officers in the public sector and principals of State-Owned Enterprises (SOEs) that their financial reporting data must be up-to-date. Ms. Mottley; Minister in the Ministry of Finance, Ryan Straughn; Director of Finance and Economic Affairs, Ian Carrington; and senior officials in the Ministry of Finance met on Tuesday afternoon with Permanent Secretaries, …