Tuesday, July 26, 2016

Gotta Catch 'Em All




What is an Internal Control?
"... Internal Control in an entity is implemented and maintained to address business risks that threaten the achievement  of any of the entity’s objectives; internal  controls  are  important  because  they  are  part  of  management’s  arrangements  to  ensure  that  its  objectives  are  met  and  its  strategies  are  effective.  Each of the Control  Failures  undermines  AHTC’s  efforts  to  attain  its  objective  to  provide  the  highest level service standards to its residents. ..."

Extract from KPMG'sAljunied-Hougang Town Council Report on Progress (20 July 2016), Page 2,Section 2.2.1


During the WP's GE2015 Hougang rally on 2 Sept 2015, Sylvia Lim had boldly declared that "...AHPETC has managed to turn things around...".

Have "things" really been "turned around"?

Sylvia Lim needs to explain her 2015 statement in contrast to what has been stated in the latest KPMG report for July 2016.

If things have indeed been turned around, then why are the Auditors stating that not only has the progress of remedying the Control Failures been slow, they have found a further 70 more control failures?

Clearly, someone is plainly lying to mislead.





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