Auditor General, Denise Hanrahan, delivered an audit in the House of Assembly this morning. It covers a period from June 1, 2018 to December 31, 2021.
A black eye for the Innovation and Business Investment Corporation today. Auditor General, Denise Hanrahan, delivered an audit in the House of Assembly this morning. It covers a period from June 1, 2018 to December 31, 2021. The audit said the Corporation did not effectively manage all aspects of its grant, loans, and investment programs, which increased the risk that ineligible businesses were supported or that funds were used for incorrect purposes. It found applicants’ eligibility was not always confirmed, clearance checks not always completed, and cross-departmental coordination lacking. The Corporation did manage its loan and investment assessment processes well. However, it did not manage executing and issuing loans and investments effectively. COVID-19 programs did not receive effective oversight, and as a result, some businesses received more funding then they should have, and some shouldn’t have received any.
The audit full report, as well as an audit overview, can be found by visiting: www.ag.gov.nl.ca.
41-year-old Matthew Delaney charged with two counts of murder in St. John's
UPDATE: Team on site to bring back cell service after damage to a Bell Aliant tower in the La Scie area
Mill City Mavericks, Broadway Blues Band and Tammy Dutcher perform in Stephenville tomorrow night
60th annual Lions Club Santa Claus Parade is tomorrow "60 Seasons of Christmas Magic!"
Blow Me Down Ski Trails to open tomorrow, a month earlier than last year
