Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698077574549.pdf (Guyana)
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cqffy Fla r AG:31/97 20 Februal- v REPORT OF THE AUDITOR GENERAL TO THE MEMBERS OF .

THE NATIONAL FREQUENCY MANAGEMENT UNIT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 1995 I have audited the financial statements of the National Frequency Management Unit for the year ended 31 December 1995 as sat our.
cn pages 1 to 7.

Respective Responsibilities of Directors and Auditors The responsibility for the preparation of the finaneil stzAegients is that of the Unit.

 It is my responsibility to express an independent opinion on these statements based on my audit.

Basis of Opinion I conducted my audit in accordance with generally accepted audi.t.ing standards.
Those standards require that I plan and pi::fcrm th,2 audit to obtain reasonable assurance about whether the final statements are free of material misstatement.

An audit.

examining, on a test basis, evidence supporting amounts and disclosures on the financial statements.

An audit also includes assessing the accounting principles used and significant estimates made by Management as well as evaluating the overall financial statement presentation.
I believe that my audit provides a reasonable basis for my opinion.

Qualified Opinion arising out of Incorrect Accounting Treatment Financial controls were generally poor and the accounting records inadequate.

It was therefore not possible to satisfactorily verify the completeness, accuracy and validity of the reported transaction and assets and liabilities.
The amount of $42,247,770 representing Licence Fees, inclu ded lees received for previous years and did not take into account fees accrued at the end of the year.

Licence Fees were therefore not accounted for in accordance with the accounting policy stated at Note 2(b) to the financial statements.

Except for any adjustments which might have been shown to be.
necessary as a result of the matters referred to in the preceding paragraphs, in my opinion the financial statements present fairly, in all material respects, the financial position of the National Frequency Management Unit as at 31 December 1995 and its net surplus and cash flows for the year then ended in conformity with generally accepted accounting principles.
S A GOOLSARRAN AUDITOR GENERAL OFFICE OF THE AUDITOR GENERAL 63 HIGH STREET KINGSTON GEORGETOWN 4 NATIONAL FREQUENCY MANAGEMENT UNIT BALANCE SHEET AS AT DECEMBER 31.
1995 Fixed Assets 2(d) & 4 7,224,151 6.936.757 Notes 1995 GI 1994 GS Current Assets Cash on Hand & at Bank Staff Loans Suspense Less: Current Liabilities Accruals Provision for Taxation Net Assets Represented by: Capital Accumulated Surplus 3 5 81.524,906 836.402 49.850 50,814,741 628,907 47,350 89,635,309 58,427,945 145.000 28,294.206 180.000 18,675.335' 28.439.206 18.855.335 61,196,103 39.572.610 2.044,255 59,151,848 2.044,255 37,528.355 61,196.103 39.572.610 PRIVE MINISTER PERIv; AI NT SECRETARY MINISTRY OF PUBLIC WORKS AND CONRUNICATICNS ti.
Permanent Secrelarf Ministry of Pubic Works ri Cootionts.*.

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