Chitchat WP just get whacked and whacked.

[frenchbriefs]

the whacking thing is natural,PAP is trying to train WP into becoming the next sexual plaything,slave bondage bdsm slave training,PAP is trying to get the soxiante neuf relationship going just like the other 70 percent.PAP is the master and she is trying to exert its natural authority,after a few more sessions with bondages,ball gags,rubber latex outfits,nipple clamps,rubber gloves,fisting and hardcore buttsex,Worker's parties MPs will be 100 percent ready and able to comply with all controls and lapses.

 

[frenchbriefs]

no worry, dumb fuck Aljunied-Hougang sinkies will continue to vote for WP

lose better,give PAP 100 percent of the seats and 100 percent of the mandate,when i become a billionaire i will offer every wp and sdp member 10 million to step down and a one way ticket to any country with their families,give them a job or career in whatever job or profession they are trained in,but they must quit sg politics forever.Let PAP rule SG like north korea and u guys can gloat all u want.

 

[butoh6050]

WP is the punching bag for the PAP.
I believe the pappies do it as a form of stress relief.

 

[aerobwala]

70 Additional Control Failures identified by KPMG​

1. No policy management process to manage the creation, updating and management of policies and procedures.
   
   
2. No governance and internal control framework providing a top-down structure for town council governance, compliance, and risk management.
   
   
3. Terms of reference for AHTC's committees were recorded in its minutes of meeting, rather than as stand-alone documents. The updated terms of reference documents were approved by the General Manager, rather than the Town Councillors.
   
   
4. Monthly closing of the accounts was not performed.
   
   
5. Reconciling items in bank reconciliations were not investigated and resolved in a timely fashion.
   
   
6. Balance sheet substantiation was not performed.
   
   
7. No governance for re-opening of locked accounting periods and back-posting of accounting entries.
   
   
8. No accounting manual to provide, among other things, guidance on accounting treatments, period-end closing procedures, maintenance of the chart of accounts, and accounting-related controls.
   
   
9. No written roles and responsibilities for the Finance Department and its staff.
   
   
10. Inability to generate certain types of accounting reports (e.g. S&CC receivable listing) and certain detailed reports to substantiate some balances in the general ledger.
    
    
11. Inability to complete certain accounting operations automatically, such as year-end balance rollovers.
    
    
12. No policies or procedures for Sinking Fund transfers.
    
    
13. No policies or procedures for the disclosure of related parties and transactions with related parties to ensure compliance with s35(c) of the TCA and FRS24.
    
    
14. Standard operating procedures on the calling for quotation and tenders do not include the criteria, documentation, justification, and approval process for waivers of competition and quotations.
    
    
15. Conflicts of Interest policy does not extend to Town Councillors nor is covered in the terms of reference found in the meeting minutes for Town Councillors or AHTC’s committees.
    
    
16. No code of conduct.
    
    
17. Management and employees are neither prohibited from seeking or holding external employment nor are they required to declare board positions or directorships in or ownership of other organizations.
    
    
18. Conflict of Interest policy does not explicitly cover the approval of payments to related parties.
    
    
19. No written contract management policy.
    
    
20. Infrequent review by the Finance & Investment Committee of S&CC arrears reports.
    
    
21. No formal user guide for S&CC reporting.
    
    
22. No policies or procedures for bank reconciliations.
    
    
23. Policies and procedures for procurement and payment-related processes do not include vendor due diligence, evaluation and management, and waiver for competition and tender.
    
    
24. No written policies or procedures for the handing-over of duties and records.
    
    
25. Project progress has not been tracked for the purpose of liability accruals (although the spreadsheet on which project progress is tracked can be used for such purpose).
    
    
26. Temporary clearing accounts not investigated and cleared.
    
    
27. Input GST is claimed on work order accruals (when the work is completed but not billed) ahead of the receipt of invoices from suppliers.
    
    
28. Output GST on S&CC is reported upon billing; therefore, output GST is not reported in AHTC’s GST returns on S&CC monies which are received in advance, ahead of billing.
    
    
29. No formal IT back-up policy.
    
    
30. No business continuity management policy, business continuity plan and disaster recovery plan.
    
    
31. Duplicate transfer to a Sinking Fund bank account.
    
    
32. The accounts receivable sub-ledgers as at 31 March 2015 do not match the trial balance for the same period. The numbers, derived from the accounts receivable sub-ledger, used to calculate the S&CC arrears attributable to the Sinking Fund do not match those in the FYE 2015 audited financial statements.
    
    
33. Voiding entries pertaining to cancellations of long-outstanding unpresented cheques have not been posted to the general ledger.
    
    
34. No formal budget monitoring process/variance analysis on budget and actual expenditure.
    
    
35. Liabilities for partially completed work are not captured in the Work Order System.
    
    
36. Payment processing can be done directly in the Accounting System without using the Work Order System.
    
    
37. Project expenditure exceeded the annual estimates at the "sub-head" level which was not gazetted in the supplementary estimates for FYE 2015, as required by TCFR Rule 10.
    
    
38. Work on lift maintenance services commenced prior to the signing of the articles of agreement.
    
    
39. Output GST has not been applied to legal fees billed to debtors.
    
    
40. No information/data security policy.
    
    
41. No policies or procedures governing the maintenance of master data, including the bill codes, in the Accounting System.
    
    
42. No detailed user acceptance testing performed prior to the implementation of the automated extraction of S&CC arrears data.
    
    
43. The S&CC arrears report for March 2016 did not reconcile with the accounts receivable subledger.
    
    
44. The April 2016 monthly collectible data was incorrectly extracted from a May 2016 report, resulting in an understatement of collectibles of SGD11,400.22 in the reporting to MND for April 2016.
    
    
45. Changes can be made directly to bill codes without formal approval.
    
    
46. No audit trail report to facilitate independent review of changes made to master data.
    
    
47. The user access rights' matrix to the Accounting System does not provide the necessary details to facilitate periodic reviews of the appropriateness of access rights granted to users.
    
    
48. Supporting documents (e.g. invoices and job sheets) for payments are not invalidated to prevent resubmission of duplicate payments.
    
    
49. Monthly routine lift maintenance services have been performed without Work Orders.
    
    
50. Written Instructions and Work Orders have been issued in incorrect FYEs, after work had been undertaken.
    
    
51. Works Instruction & Work Order Approval Matrix dated 4 March 2016 is not consistent with the Delegation of Authority Matrix.
    
    
52. Written Instructions approved prior to the establishment of the Works Instruction & Work Order Approval Matrix were not approved in accordance with the Delegation of Authority Matrix.
    
    
53. Approval of Written Instructions after the completion of work.
    
    
54. Use of four sundry accounts to record unallocated receipts and payments.
    
    
55. Variances between the balances in the general ledger and aggregated balances in the subledgers as at 31 March 2016 for i) trade and other receivables (excluding deposits and prepayments); and ii) trade and other payables (excluding accrued expenses).
    
    
56. Use of Direct Payment Journal Entries to record payments.
    
    
57. Use of and absence of monitoring of a dummy code to record ad hoc payments to one-time suppliers.
    
    
58. Omission of a liability aged more than three years.
    
    
59. No follow-up or investigation of 48 payable accounts outstanding for more than three years.
    
    
60. Duplicate recording of a payable outstanding for more than three years.
    
    
61. Fixed Assets Schedule as at 31 March 2016 does not match the trial balance for the same period.
    
    
62. Reconciliations between the Fixed Assets Schedule and IT Assets Listing have not been performed.
    
    
63. The Fixed Assets Schedule lacks asset details (e.g. tag number and locations) to facilitate verifying that fixed assets are still in the control of AHTC.
    
    
64. Duplicate recording of a desktop in the IT Assets Listing.
    
    
65. The location of three desktops, one CPU and one monitor were not updated correctly in the IT Assets Listing.
    
    
66. No policies or procedures for fixed assets.
    
    
67. The Accounting System to automatically generate the S&CC arrears data was configured incorrectly.
    
    
68. Proper program change documentation not maintained for the re-configuration of the Accounting System to automatically generate the S&CC arrears data.
    
    
69. No verification of vacant units against data from HDB and NEA.
    
    
70. Variances in the SC Rebate Clearing account between the S&CC rebate credited by AHTC to eligible Singaporeans for the rebate and the amounts reimbursed by MND to AHTC in the SC Rebate Clearing account.

 

[blueRad]

How long do the pappies want to harp on this issue? It really getting stale at this stage.

 

[aerobwala]

Item 30, kind of directly pluck from the business management textbook. What is a business continuity managment in a town council ?

 

[frenchbriefs]

49.Monthly routine lift maintenance services have been performed without Work Orders.

how dare they maintain my lifts without issuing work orders!!!???

Omg the HORROR......the horror......

 

[Satyr]

Kpmg was appointed by HDB, so go figure 。 The Accountant General found all kinds of lapses in the Government Sector too. And these are only the most obvious ones. Let Kpmg camp there for months and see. what they turn up.

 

[Hans168]

the larger picture and SMRT / LTA many screwups & StomacheSick in for killer bites//////////////// so nee diversions & hence WP bashings so the stuoopid 70% forget what it is all about

 

[Hans168]

PAP TCs well managed?
What abt the losses due to Lehman Bro??????????????????????? $2 AIM con job??? He who stays in glass house shud not throw stones..........

 

[Hans168]

KMPG is going to continue milking AHTC for another 18 months; the lackey of the PAP claims that it needs that long to address the problems with AHTC.

AHTC should call in a reputable foreign accounting firm to challenge the KPMG findings.

Lapses are subjective opinions. KPMG was engaged by the AGO ...off course, it had to come up with something - in this case, lapses - to justify their engagement. KPMG could not find anything substantial to support a criminal charge against the WP TC.

But the PAP is not giving up in its attempt to have a de facto control of the WP TC. Thus, the appointment of KPMG. KPMG is NOT independent but acting for the PAP government, while milking the coffers of the AHTC. AHTC should make a big deal of this and show how much cost it is incurring because of the PAP's control.

besides kangeroos in court, we now hv coloured beancounters...... how crooked has this cuntry become!