Audit Report 2011: Public Finance Regulation was violated by Islamic Ministry

The Ministry of Islamic Affairs Audit Report 2011, published yesterday, has stated that the Public Finance Regulation was violated by the ministry in 2011.

The report, issued by the Auditor General’s Office, stated that the financial statement of the ministry for 2011 was not prepared according to the Public Finance Regulation. In this regard, it noted that the financial transactions of all offices that come under the ministry were not included in financial statement, and that the amounts included in the statement had not been reconciled.

According to the report, there were inconsistencies between the amounts included in the statement.

“MVR 20,196,457 was included for construction of non-residence buildings in the ‘approved budget and spending from this budget’ statement for 2011, but this amount was not included in the ‘income and expenditure’ statement for 2011,” reads the report.

The report also stated that records were not maintained according to the Public Finance Regulation, for funds provided in advance to the atolls.

Further issues noted in the report include failure to publish financial statements for trust funds, failure to include transactions related to trust funds in the ministry’s financial statement, and failure to hand over MVR 154,392 taken from the zakat fund.

At the end of 2011, zakat fund balance stood at MVR 79,642,998, mosque fund balance stood at MVR 3998651, and wagf fund balance stood at MVR 1,064,946.

The audit report included several recommendations, in terms of action to be taken against those responsible for violating the law.