Reporting deadline mostly missed again

Dozens of government financial reports not done

Although some progress has been
made, the majority of Cayman Islands government ministries and portfolios
failed again to meet legally mandated financial reporting deadlines for the
2009/10 budget year, and a number of financial reports from previous years have
still not been made public in the Legislative Assembly.

The status report on Cayman’s
progress with public accountability reporting was released Tuesday by Auditor
General Alastair Swarbrick’s office.

“The government had intended to
clear the majority of the [financial reporting] backlog by the end of February
2011,” Mr. Swarbrick wrote in his report. “The government did not achieve its

“Entities continue to delay
providing my office with supporting schedules and information necessary to
complete my work,” the report continued, echoing previous statements often made
about government financial reporting by former Auditor General Dan Duguay.
“There has also been no further progress [on] the entire public sector
financial statements.”

Mr. Swarbrick said further delays
would begin affecting government’s ability to report its finances for the
current budget year, since it would still have to deal with any backlog of
reports from the 2009/10 fiscal year as well as previous financial statements
that remain unfinished.

Please see the full story in
Wednesday’s editions of the Caymanian Compass….