By this, the GAC noted that the inconsistencies between the JFKMC Financial Report and the MOF Fiscal Outturn Report could cast doubt on the reliability of the financial report and recommended that the hospital provide justification. The audit also uncovered that JFKMC Management expended US$3,374,589.00 above its approved budget without the approval by the Board of Directors. The GAC noted that the justification provided by the JFKMC Management is inadequate and does not address the issue raised. “In the absence of evidence of bank reconciliation statements for the period, the assertions by the JFKMC Management cannot be supported." Further, the JFKMC Management is in breach of financial discipline in line with Regulation A.20 of the PFM Act of 2009.

Source: Front Page Africa February 07, 2018 01:18 UTC