Forensic audit reveals … EPA holds 15 accounts with $$M
July 15, 2015 | By KNews | Filed Under News, Source
A forensic audit launched into the Environmental Protection Agency (EPA) has uncovered that the entity has been holding some 15 accounts with millions of dollars.
A reliable source revealed that the monies total over $400M.
Kaieteur News understands that recommendations will be made for the monies to be transferred to the Consolidated Fund.
The Forensic audit revealed that the agency was apparently receiving monies from various agencies and opening a new account every time it received large sums.
Junior Finance Minister, Jaipaul Sharma, who is in charge of the forensic audits, explained that the agency should not have done that. He said that it should have held one account and categorized its expenses.
The Environmental Protection Agency was established on World Environment Day, June 5, 1996. It was on this date that the then Acting President of Guyana, Samuel Hinds, assented to Environmental Protection Act (No 11, 1996).
The Act mandates the Agency to oversee the effective management, conservation, protection and improvement of the environment.
It also requires that the Agency takes the necessary measures to ensure the prevention and control of pollution, assessment of the impact of economic development on the environment and the sustainable use of natural resources.
The Agency’s work enables Guyana to contribute to global and national environmental protection and conservation.
As part of its work the EPA implements education, regulation and enforcement programmes and uses partnership and collaborative approaches to strengthen the impact of its interventions.
