We have submitted our financial reports until 2020 and the Office of the Auditor General is causing the delay – Walesi
Walesi decides to find a more reliable and competent entity to audit their accounts

We have submitted our financial reports until 2020 and the Office of the Auditor General is causing the delay – Walesi

Walesi decides to find a more reliable and competent entity to audit their accounts

By Shanil Singh
Saturday 25/12/2021
[Photo: Walesi.com]

Walesi Fiji Limited says they have submitted all their financial reports until 2020 to the Office of the Auditor-General who unfortunately has continued to delay auditing and finalizing their financial accounts for every year since 2015.

In a statement, Walesi has stated that their financial reports from 2015 to 2017 have been audited by the Auditor General and have already been tabled as part of the Auditor General's report in Parliament which is also easily accessible online.

It says they had also submitted their 2018, 2019, and 2020 financial reports for auditing to the Auditor General's office and are waiting for them to finish the audit.

Walesi says they queried with the Auditor General multiple times in writing on the reason for the massive delays.

It adds that despite being the cause of the delays, the Auditor General in its 2020 report phrased the write-up about Walesi in a manner that made it seem like Walesi was causing the delay.

Walesi says page 8 of the 2019/2020 Report of the Auditor General in the audits status as at 31st July 2021 states that the 2016 audited financial statements were sent for signing on 12th July 2021 while 2017 audited financial statements were sent for signing on 16th August 2021.

They say it also states that the entity was yet to return the signed financial statements for 2016 and 2017.

Walesi says when written this way, one could assume the delay was from them.

They say the report also does not properly outline when the financial reports were sent.

Walesi has also stated that it has decided to find a more reliable and competent entity to audit their accounts.

We have sent questions to the Office of the Auditor-General on the statement released by Walesi.

They are yet to respond.

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