Non-Submission of Audited Accounts and Domestic Reports for Year 2018

Posted on
by OLUDOLAPO TUBI
  • Project Status: N/A

MDA

Advertising Practitioners Council of Nigeria (APCON), Lagos

Project Location/State

Award Year

2019

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦0.00

Context/Observation

I.The Council failed to submit its audited Financial Statements for the year ended 31 December, 2018, together with Management Reports for the year as required by extant regulations.
II.No comments of Auditor-General for the Federation have been forwarded to the National Assembly since 2018 due to non submission of audited financial statements.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Registrar is requested to:
I.Provide reasons why audited financial statements were not forwarded to the Auditor-General for the Federation for 2018.
II.Produce the Audited Financial Statements for 2018 to 2021 and the corresponding Management Letters/Reports as required by extant regulations.
III.Forward evidence of compliance to the Public Accounts Committees of the National Assembly.
IV.Otherwise, apply sanctions relating to gross misconduct specified in paragraph 3129 of the Financial Regulations.

Executive Action

N/A

Progress Report

N/A

Data Source

2019 Non-Compliance Audit Report of the FG

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