ICPAS Council 2010/2011
Vice-President
Mr Sitoh Yih Pin
Chairman
Nexia TS Public Accounting Corporation
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WP Mr Low rebuttal to Ah Huay on the messy accounts accusations
- Thread starter Unrepented
- Start date
ICPAS Council 2010/2011
Vice-President
Mr Sitoh Yih Pin
Chairman
Nexia TS Public Accounting Corporation
ICPAS Council 2010/2011
Vice-President
Mr Sitoh Yih Pin
Chairman
Nexia TS Public Accounting Corporation
Lim Hwee Hua is still whiny about Low Thia Kiang. Was she having a menopause or what! KNN, where was her national issue debate, let's fight fairly and stop your woman bitching at personal level. For your info, Low Thia Kiang is married and you are not his type of cunt.
GE: WP's Low mistaken, says Lim Hwee Hua
SINGAPORE - Second Finance Minister and adviser to Aljunied grassroots organisations, Mrs Lim Hwee Hua, 52, said her comments on the finances of Hougang Town Council were not meant as a personal attack on Workers' Party (WP) chief, Mr Low Thia Khiang, 54.
She said it was regrettable that Mr Low took it that way.
Mr Low had said at a party rally on Tuesday night that Mrs Lim's comments were an attempt to discredit him.
Mrs Lim explained that a town council looks after a series of assets, such as commercial and residential properties.
And the finances belonging to an HUDC estate, such as the service and conservancy charges collected and the sinking funds allocated, could be extracted from the accounts.
She said: "To me, it's quite a straight forward and simple request. I'm not quite sure why it's difficult for that request to be fulfilled after so many months."
On Sunday, Mrs Lim had revealed that a Hougang HUDC estate undergoing privatisation had asked for details of their estate's accounts and sinking fund from the town council.
And the delay had prevented the residents from planning the privatisation of their estate.
The residents had even sent a lawyer's letter to the town council.
In contrast, Mrs Lim said that when an HUDC estate in Aljunied Group Representation Constituency underwent privatisation, the town council was able to provide the accounts within a few weeks.
She added: "I'm not making any judgment on why the answer is not forthcoming, it's just that I find it a little puzzling. If he has a reason for not disclosing those accounts, then I think he should just explain to his residents."
Responding to Mrs Lim's earlier comments, Mr Low had told a rally on Tuesday that the separation of accounts was taking some time as they wanted to get it right.
He also said that the relevant parties were being kept informed.
Mrs Lim said she was interested in this issue as Mr Low was contesting in Aljunied for this election.
She said: "They would run the town council if elected. I think the people of Aljunied deserve to know what sort of town management quality they can expect."
Mrs Lim said that as the adviser to grassroots organisations in Aljunied, she had raised the issue on behalf of the residents.
- CNA/ir
Ah hwa just want to confirm whether Mr Low can take over the Aljunied GRC accounts.
Now, Mr Low already confirms he can !
Ah Hwa is conceding defeat , she is hinting !
Now, Mr Low already confirms he can !
Ah Hwa is conceding defeat , she is hinting !
A question has been asked and WP just need to answer it. Why so complicated?
On Sunday, Mrs Lim had revealed that a Hougang HUDC estate undergoing privatisation had asked for details of their estate's accounts and sinking fund from the town council.
And the delay had prevented the residents from planning the privatisation of their estate.
The residents had even sent a lawyer's letter to the town council.
In contrast, Mrs Lim said that when an HUDC estate in Aljunied Group Representation Constituency underwent privatisation, the town council was able to provide the accounts within a few weeks.
She added: "I'm not making any judgment on why the answer is not forthcoming, it's just that I find it a little puzzling. If he has a reason for not disclosing those accounts, then I think he should just explain to his residents."
On Sunday, Mrs Lim had revealed that a Hougang HUDC estate undergoing privatisation had asked for details of their estate's accounts and sinking fund from the town council.
And the delay had prevented the residents from planning the privatisation of their estate.
The residents had even sent a lawyer's letter to the town council.
In contrast, Mrs Lim said that when an HUDC estate in Aljunied Group Representation Constituency underwent privatisation, the town council was able to provide the accounts within a few weeks.
She added: "I'm not making any judgment on why the answer is not forthcoming, it's just that I find it a little puzzling. If he has a reason for not disclosing those accounts, then I think he should just explain to his residents."
Chinese newspapers say the Blk 344 and 345 estate council members do not want this issue to be politicised !
This issue covered half a page of the paper ! Morning chinese papers.
if so, why Ah Hwa talked about it becos this is no GE issue !
Ah hwa got no GE issues to talk about ?
This issue covered half a page of the paper ! Morning chinese papers.
if so, why Ah Hwa talked about it becos this is no GE issue !
Ah hwa got no GE issues to talk about ?
If the council members do not want this issue to be politicised as accordingly to chinese papers, who brings this case to Ah Hwa in the final days of GE ??
Fishy not?
In the first place, this issue shouldn't have been brought up if council members dont want to get involved with GE !
Fishy not?
In the first place, this issue shouldn't have been brought up if council members dont want to get involved with GE !
Whether true or false, I fear she has planted a seed of doubt in some people's mind .....The only way to shut her up is to vote her out !
Anyone saw the two supposedly HUDC owners interviewed on TV with their faces hidden ?? What was that ??
Its like mediacorp conducting some mafia investigating reporting or something .....
Anyone saw the two supposedly HUDC owners interviewed on TV with their faces hidden ?? What was that ??
Its like mediacorp conducting some mafia investigating reporting or something .....
Confirmed conceded defeat. LTK replied with a detailed explanation of town council accounting procedures and challenged her to report him to CPIB if she thinks there's something missing or messy. And next (this) morning, LHH said no, no, no, just a misunderstanding, she didn't mean it that way. LHH is an accountant by profession and 2nd Minister of Finance.
Z
Zombie
Guest
ask some accountants for honest answers, many ever called their company accounts messy..... it does not suggest any wrongdoing nor material discrepancy/error in the accounts (like what the public is referring to)....
there is no fixed method of keeping accounts...
eg..
one person uses excel spreadsheet and bank services,
another person uses toilet rolls to record the intakes and tin cans to keep cash..
if both exercise adequate internal controls, then both are equally accountable... although the latter would be messy to extract information...
there is no fixed method of keeping accounts...
eg..
one person uses excel spreadsheet and bank services,
another person uses toilet rolls to record the intakes and tin cans to keep cash..
if both exercise adequate internal controls, then both are equally accountable... although the latter would be messy to extract information...
I am not a book keeper, I ask my friends one.
I think, the medium for record keeping is not the main issue in this context.
Just to give a simplistic illustration:
Messy accounts is a taboo word in finance discipline. "Messy accounts" gives rise to a whole range of risks, i.e. detection risk, audit risk, control risk, errors in information etc.
For example; if errors in information arises, internal control will fail, budget control and funds management will also fail etc.
And if there is detection risk, wrong doings will be difficult to detect. etc etc. Therefore, increases the risk of frauds (hate to use this word:o) etc.
And Zombie, materiality can be qantitative and qualitative. If a cashier borrows SGD100 dollars without authorization, from the treasury of a multimillion dollar company, it is also considered "material". Maybe, you already know
So the term "Messy accounts" do have negative connotations stretching as far, and as wide as ones imagination allows. But, not conculsive of any wrong doings.
Just my friends humble 2c.
I think, the medium for record keeping is not the main issue in this context.
Just to give a simplistic illustration:
Messy accounts is a taboo word in finance discipline. "Messy accounts" gives rise to a whole range of risks, i.e. detection risk, audit risk, control risk, errors in information etc.
For example; if errors in information arises, internal control will fail, budget control and funds management will also fail etc.
And if there is detection risk, wrong doings will be difficult to detect. etc etc. Therefore, increases the risk of frauds (hate to use this word:o) etc.
And Zombie, materiality can be qantitative and qualitative. If a cashier borrows SGD100 dollars without authorization, from the treasury of a multimillion dollar company, it is also considered "material". Maybe, you already know
So the term "Messy accounts" do have negative connotations stretching as far, and as wide as ones imagination allows. But, not conculsive of any wrong doings.
Just my friends humble 2c.
it's time Mr Low fight back!!!
ICPAS Council 2010/2011
Vice-President
Mr Sitoh Yih Pin
Chairman
Nexia TS Public Accounting Corporation
This guy still not a big shot in ICPAS. Imagine the President of ICPAS (a Malaysian botak) who is also head of Finance in Pasir Ris-Punggol TC, lost substantial sums of TC funds during Lehman crisis. Nobody asked him or Teo CH or Teo SL for accountability. Also, always see Teo SL sitting at VIP table at ICPAS functions. KNN really hate that chow Malaysian botak for politicising a professional body.
Teo Ser Luck
Miss Spore Universe
little brother
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