Sir John defends acquittal

Sports

THE Papua New Guinea Olympic Committee (PNGOC) has come out to clarify concerns regarding the acquittal of funds for last year’s Pacific Games.
Auditor-General Phillip Nauga’s 2015 Report tabled in Parliament and reported by The National said the Pacific Games Organising Committee failed to acquit K11 million and that he did not audit its financial statements.
PNGOC president Sir John Dawanincura said due process was followed in the acquittal of the funds.
Sir John said the K11m received by GOC in 2013, was acquitted directly to the Department of Finance as per due process through the Pacific Games Authority.
“The Pacific Games Organising Committee is a legally-constituted corporate entity, known as PNG 2015 Pacific Games Ltd, governed by the Investment Promotion Authority (IPA) Corporations Act, and as such, was audited by independent accounting firm Deloittes, and not by the Auditor-General’s Office,” Sir John said.
“The audited financial statements have been lodged with the IPA.”
The AG’s report went on to state that the PNGOC received K10,082,400 in 2013 for the training costs of Team PNG athletes, and that the documentation was not supplied to the Auditor-General’s Office.
“The committee acquitted the funding (of K10,082,400) received by the Finance Department,” Sir John said.
“The audited financial statements were presented to PNGOC members at their general assembly in 2014.
“We were required to acquit all funds received, on a quarterly basis, to the Finance Department in order for the next tranche of funds to be released.
“Yes, we were contacted directly by the auditor-general and we pointed out that full acquittals had been,” Sir John said.
“We advised the Auditor-General’s Office that they were more than welcome to review our copies of the documents and they sent an officer to examine the files.”

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