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By Staff Reporter : PNG Today

PNG University of Technology announces clean bill of Health

Papua New Guinea University of Technology (PNGUOT or UNITECH) announced a clean bill of health today during a meeting at the Auditor General’s office, Port Moresby.
Present at the meeting were Deputy Auditor General Lemeki Ila, and representatives from the university: Chancellor Jean Kekedo, Acting Vice Chancellor Ora Renagi and Bursar Tharmaraj Diraviam (Raj).
Mrs Kekedo stated that her term at the university was almost up and that she was honoured to be walking out of the institution knowing that her job was done.
“When I was appointed on the university council, the first thing I found which was very difficult was that there were no proper audits done for many, many years and that our accounts section couldn’t produce the material that we needed to be able to make correct and legal decisions on our finances,” said Mrs Kekedo.
She stated that it was a long road because in 2012 to 2014, the university’s audits were qualified which meant that there was a lot of work to be done.
“It is the hardest thing to do because you step on peoples’ toes and you have to get rid of many people whom you thought were good but in fact were stumbling blocks in the organization; however I am happy to be walking out with unqualified accounts and my head held high.”
Mrs Kekedo further mentioned that with a clean bill of health, the university was able to partner with local and international business houses to become lucrative business partners.
According the Deputy Auditor General Lemeki Ila, the university’s 2015 and 2016 audits were issued as unqualified or clean audits by the Auditor General.
“UNITECH has come a very long way despite all its challenges because in the past, the university accounts were not that good as we have been issuing disclaimer or qualified audit opinions,” said Mr Ila.
“It took a lot of effort from the management, with continuous meetings and dialogues over these years. It is an extremely difficult effort by any organization to clean up past audit reports which were qualified but it is a classic example shown by UNITECH that these sort of accounts can be corrected and clean audit opinions can be issued.”
Mr Ila encouraged other institutions in the country to follow suit. PNGFM/PNG Today

Posted by Staff Reporter : PNG Today on Saturday, April 28, 2018. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Share this Article

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