No Irregularities In GCB Audit
While a comprehensive audit is currently being done on Guyana Cricket Board’s (GCB) financial statements for the period December 1, 2009 to November 30, 2010, there have been absolutely no irregularities uprooted. This is according to Registrar of Friendly Societies, Kareem Abdul-Jabar.
The registrar revealed that while perusing the financial documents some “concerns” were found but made it clear that there is no financial irregularities. Accounting specialists of the Registrar’s office have been scrutinising the annual returns and audit reports of the GCB and, according to the Abdul-Jabar, some concerns at the level of the management system at the GCB were discovered.
Jabar further revealed that, based on the discovery, he has requested to meet with the GCB’s executives sometime next week to address those concerns.
“It is important for us to meet with the board to iron out those minor concerns and also to outline how things may or not be done at the management level,” Jabar related. After the meeting with the board, it is likely that the GCB’s elections will be held later this month, providing the eight days notice is met, in accordance with the laws.
Accounting firm Barcellos, Narine and Company, reviewed the GCB’s documents and these were passed to the Registrar of Friendly Societies, which is a requirement under the Friendly Societies Act, Chapter 36:04, Laws of Guyana. It is the responsibility of every ‘friendly’ society to submit to the Registrar of Friendly Societies their Annual Returns, consisting of information such as receipts and payments, assets and liabilities, movement of membership, changes in trustees, and testimonials of office bearers.
The current executive continues to run the board’s affairs until elections are held, despite the expiration of their term in office. The election was postponed last Sunday due to the delay in the availability of the official audit report by the Office of the Registrar of Friendly Societies.
According to a source close to the GCB, this elections setback is detrimental to the GCB and, more so, cricket in general, given what is presently transpiring at the Demerara Cricket Board level.
Incumbent GCB president, Chetram Singh, has decided not to seek re-election. However, current vice-president and president of the Demerara Cricket Board (DCB), Bissoondyal Singh, GCB marketing manager Ramsay Ali and former GCB secretary Bishwa Panday have indicated their interest in running Guyana’s cricket for the next two years.