tripleinvoicegate
Submitted by Anonymous on Sat, 2010-07-10 02:24.Mr Foster says that No money has been mislaid, and denies 'sloppy admin' but how does he know, when no one yet knows the extend of the duplicate and triplicate invoicing?
Neither does anyone know how many contracts are unsigned and whether or not this unknown amount of unmonitored contracts have been fulfilled or if they did they certainly didn't tell the audit committee last week.
Only 2 or 3 of the councilors present seemed to understand or care.
If duplicate payment are rare, as Jf states why did the Auditors find that a 12 out of 30 invoices were duped and more importantly why did they stop checking all the suppliers?
How much money has been lost on the other 470 suppliers they did not bother check?
The finance department confirmed at the audit committee that they didn't issue purchase orders so had no good system of invoice control in place.
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To call all of the above 'not sloppy' or a example of 'best commercial practice' is outrageous.
To say that they are being transparent whilst being extremely selective in their auditing and reporting of same is not true.
Why did JF not insist on a full investigation into the above ,as soon as he knew the internal audits conclusions, rather than allowing the spinning and covering up the full extent of the losses to the audit committee meet?
It will be interesting to see if we ever find out how much has been mislaid.
Why has JF not taken any responsibility for the poor state of the finance department on his watch.,
At a quarter of a million £'s per year Islington tax payers have the right to expect that financial control should be part of a chief executives skill.