OAG Report Criticizes CIG Accountants
The Office of the Auditor General (OAG) has released a damning report on the Cayman Islands Government's financial records.
The report highlights that senior accountants and financial officers are not meeting the required standards to produce timely, accurate, and accessible annual financial reports.
Persistent systemic weaknesses that require immediate attention
According to Patrick Smith, the auditor general, these serious failings have been allowed to continue year after year, with no action being taken.
The report is based on the 2024 audits of all public bodies, and Smith's first review of the CIG's annual accounts.
Author's summary: OAG criticizes CIG accountants' competence.