It says for 2015-16 and 2016-17, the council didn't maintain proper
accounting records or maintain a website, therefore failing to electronically publish information that is required by law.
'In my opinion adequate
accounting records have been kept by the company as per the examination of records for the year ending June 30th 2017', said Dr Ouko.
"While appearing before the committee during consideration of the auditor-general's report, the ministry's PS Julius Korir confirmed that payments were made without receipts and refunds issued without proof of completion of works.The MPs also want Mr Mosonik to be punished for submitting to the auditor-general statement of assets and liabilities under deposits that were still reflecting the debit and credit balances for the year 2012/2013.Former Transport PS Muli is accused of failing to ensure that the ministry keeps complete financial and
accounting records that are reconciled and devoid of anomalies in compliance with the PFM Act.
'Such act of non-submission of
accounting records and documents is proof of willful and deliberate intent on his part to suppress evidence that would be adverse to him,' the decision read.
All countries discussed in this book specify minimum retention requirements for
accounting records that document an organization's business transactions and disclose its financial position.
Vegetable Ghee and Cooking Oil Companies (Cost
Accounting Records) Order required that the companies in this sector maintain cost records.
Reiterating his earlier comments, ypek further said on Wednesday: "They argue that we have parallel
accounting records [that we had been hiding from inspectors at my holding].
Tax assessments are typically based on the organization's fixed-asset
accounting records, with rates applied to the assessed value.
In pursuance thereof, the SECP has extended the applicability of Synthetic and Rayon Companies (Cost
Accounting Records) Order, 2012 until further order.
IT is important to note businesses are still obliged to keep
accounting records for six years from the end of the accounting period they relate to in case HMRC pay you a visit, irrespective of whether records are held digitally or not.
To help small business owners, they have decided to offer a free health check to small businesses who feel that they are not keeping accurate
accounting records.
But the charges were later dropped and he pleaded guilty to failing to keep sufficient
accounting records.
While
accounting records are indeed gone, the agency said Monday that it had erroneously described the extent of the records destruction.
Macedonia is finishing the preparations for establishing a network of
accounting records of the farming co-ops, which have the obligation to keep
accounting records on a regular basis.
