AUDITOR’S REPORT ON FINANCES OF KWARA STATE COUNCIL OF NIGERIA UNION OF JOURNALISTS (NUJ)

AUDITOR’S REPORT ON FINANCES OF KWARA STATE COUNCIL OF NIGERIA UNION OF JOURNALISTS (NUJ)

AUDITOR’S REPORT ON FINANCES OF KWARA STATE COUNCIL OF NIGERIA UNION OF JOURNALISTS (NUJ)

Sequel to the Financial Reports presented for auditing between June 2018 and June 2019, it is imperative that the outcome of the exercise be reported as conducted, and this may therefore be subjected to further verification.

COUNCIL CHAIRMAN

The Chairman of the State Council of NUJ handed over financial reports of the council for auditing, which apart from the tabulation of the finances of one year, covered the period of July 2018 and June 2019.

However, in preparing the financial documents for the period of July 2018 and June 2019, description of both income and expenditure was employed in line with the standard practices. It must be noted that the financial reports between July 2018 and March 2019 had been adopted by the congress.

AUDITOR’S ROLE

It is the duty of an Auditor to conduct and verify financial transactions of the council to ensure that every available money was spent transparently and accounted for in order to put members in proper perspective.

Based on the financial documents provided, the Auditor’s analysis on the income and expenditure in the council between the period of April and June 2019 goes thus:

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APRIL 2019

There is wrong calculation of Debt Profile; N871,050 instead of N907,050. Rectitude be effected.

MAY 2019

It is indicated in the financial report that Chairman and Secretary Allowance to Abuja. But there is no invitation or a formal letter to justify the sum of N50,000 allotted for this purpose. It is also observed that there was wrong calculation of N280,150. But in all, both income and expenditure stood at N260,000.

JUNE 2019

Unsettled Bills should be N128,000 and not N128,500.

VIEW

It is our view that the financial reports of the months provided, reflected what was generated, expended and the debt incurred, though with some reservation.

 

Signed:

 

Ahmed, ‘Lanre Abdullateef

Auditor, Kwara State Council of NUJ

COMMENTS

WORDPRESS: 0
DISQUS: 0