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AUDIT (Virgin Islands Legislature) 2011 USDOIOIG-Office of the Inspector General

AUDIT (Virgin Islands Legislature) 2011 USDOIOIG-Office of the Inspector General

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"Administrative Functions - Legislature of the Virgin Islands"
In a joint audit of the administrative functions of the Virgin Islands Legislature, the OIG found that the Legislature is not using sound business practices to manage its money and resources. There is a lack of accountability, transparency, and documented procedures to prevent fraud, waste, and mismanagement. Specifically, there are weaknesses related to cash advances, employee bonuses, security of sensitive equipment, and procurement practices. OIG recommended that the VI Legislature establish and document policies to correct these weaknesses and encourage accountability.

Source: http://www.doioig.gov/images/stories/reports/pdf/VI-IN-VIS-0001-2010Public.pdf
"Administrative Functions - Legislature of the Virgin Islands"
In a joint audit of the administrative functions of the Virgin Islands Legislature, the OIG found that the Legislature is not using sound business practices to manage its money and resources. There is a lack of accountability, transparency, and documented procedures to prevent fraud, waste, and mismanagement. Specifically, there are weaknesses related to cash advances, employee bonuses, security of sensitive equipment, and procurement practices. OIG recommended that the VI Legislature establish and document policies to correct these weaknesses and encourage accountability.

Source: http://www.doioig.gov/images/stories/reports/pdf/VI-IN-VIS-0001-2010Public.pdf

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Published by: A Renewal of VI Politics on Feb 24, 2012
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02/24/2012

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A
DMINISTRATIVE
F
UNCTIONS
 
 — 
 L
EGISLATURE
 
OF
 
THE
 V
IRGIN
I
SLANDS
 
November 2011Report No.: VI-IN-VIS-0001-2010
AUDIT
 
Office
of
InspectorGeneral
U.S
Departmentofthe Interior
Office
of
the Virgin
Islands
InspectorGeneral
Governmentofthe VirginIslands
The Honorable Ronald E.RussellSenate PresidentLegislature
of
the Virgin IslandsP.O.Box 1690
St.
Thomas, VI 00804Re: Audit
Report-
Administrative
Functions-
Legislature
of
the Virgin IslandsReport No. VI-IN-VIS-0001-2010Dear Senate President Russell:This report presents the results
of
the audit
of
the administrative functions
of
theVirgin Islands Legislature (Legislature) performed jointly by the U.S. Department
of
theInterior Office
of
Inspector General and the Office
of
the Virgin Islands Inspector General.We found that the Legislature is not using sound business practices in its stewardship
of
public funds and resources, and that there is an absence
of
transparency, accountability, anddocumented procedure to prevent fraud, waste, and mismanagement. Specifically, there are anumber
of
weaknesses related to improper use
of
allotted funds, such as cash advances andemployee bonuses, procurement
of
goods and services, and security
of
sensitive equipment.We offered
11
recommendations to which we requested your response.
We
appreciateyour response to the draft report (Appendix
3)
on September 25, 2011, and we are pleasedthat overall you agree with our recommendations.
We
applaud your willingness to implement immediate change and we hope that youmove quickly to codify policies and procedures regarding your internal stewardship
of
publicfunds. This will encourage more transparency and accountability within the Legislature
of
the Virgin Islands.Based on your response, we consider
10
recommendations resolved but notimplemented, and
1
recommendation is considered unresolved (Appendix 4).
If
you have anyquestions concerning this report, you may contact Steven van Beverhoudt, Inspector Generalfor the Virgin Islands, at 340-774-33-88, or Hannibal M.Ware, Assistant Regional Managerfor the U.S. Department
of
the Interior Office oflnspector General, at 703-487-8058.Mary
L.
Acting Inspector GeneralU.S. Department
of
the InteriorSincerely,Steven van BeverhoudtInspector GeneralVirgin Islands Inspector General
 November 28, 2011
 
 
Table of Contents
 
 
 
 
 
 
 
 
 
Appendix 4: Status of Recommendations
 
............................................................. 26
 
Appendix 5: Monetary Impact
 
.............................................................................. 28
 

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