The National Audit Office (NAO) expressed concerns about uncleared transit accounts in the government’s 2023 financial report, totaling GMD 1.6 billion.
Accounts payable were GMD 1,681,494,226.91, while accounts receivable were GMD 1,646,323,799.78, with the issue persisting since 2019. Transit accounts are intended for temporary use and should be cleared up annually, but ongoing unprocessed transactions were found.
The NAO highlighted risks, including potential inaccuracies in financial statements and weaknesses in financial controls. The Accountant General’s Department is working on clearing the accounts but noted that some may remain uncleared in the future.
The NAO recommended stricter procedures for the timely reconciliation of transit accounts to enhance financial reporting accuracy.
