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THE PRESENTATION OF MANAGEMENT REPORT AND AUDITED ACCOUNTS FOR YEAR 2021/2022 BY THE EXTERNAL AUDITOR TO THE ISWSC MANAGEMENT ON 21ST MARCH, 2023T

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THE PRESENTATION OF MANAGEMENT REPORT AND AUDITED ACCOUNTS FOR YEAR 2021/2022 BY THE EXTERNAL AUDITOR TO THE ISWSC MANAGEMENT ON 21ST MARCH, 2023T

March 21, 2023 admin Comments Off

In line with the Program Development Objectives (PDO) of the NG_SURWASH and as outlined in the first quarter activities of the Corporation’s Performance Improvement Action Plan (PIAP), the External Auditor (Ugochukwu Ukah & Co.) presented the ISWSC 2021/2022 Management Report & Audited Accounts to management of the Corporation on Tuesday 21/3/2023.

Receiving the report, the MD/CEO Engr. Emeka Ugoanyanwu FNSE FNIWE FOSHA NPOM thanked the External Auditor for timely delivery of the audited accounts & management report. The Managing Director was overwhelmed at the timely completion of the 2021/2022 management reports & audited accounts by Mssrs Ugochukwu Ukah & Co. He emphasized the importance of Auditing a Corporation’s finances by an independent accounting firm and the need to continue this trend going forward as it’s in line with the Corporation’s commitment to transparency and accountability.

In his response the managing partner of Ugochukwu Ukah & Co, Chief Chijioke Iwuchukwu expressed joy and sincere gratitude to the management and staff of ISWSC for their support. He made some critical observations as follows;

  1. the need to organize a workshop for the staff of the Accounts Department & Procurement Unit to enhance their knowledge of accounting, Storekeeping and auditing
  2. The immediate creation of an Asset Register (AR) to keep track of the Corporation’s assets. He noted that the asset register will help to maintain financial information concerning such assets and their movement.

In her reaction the Head; Accounts Department Mrs Obiagaeri Ogbonna thanked Mssrs Ugochukwu Ukah & Co for their diligence and delivery of the management report & audited accounts to guide the Management. In his remarks the Head; Engineering Services Department, Engr Chukwudi Onyeji recalled when the External Auditors were engaged and presented to the Management in January this year and expressed joy that Ugochukwu Ukah & Co delivered on time as agreed.

In conclusion the MD/CEO thanked the Auditors and assured of the immediate operationalization of the Assets Management module of the Corporation’s Enterprise Resource Planning App(ERP). He directed the PIAP Team lead & Head; Water Services Engr. Henry Adiruo to get in touch with the ERP App developers for training of staff on activation of all the 7 modules of the ERP App. The Managing Director reiterated the commitment of management & staff to diligently implement all activities outlined in the Corporation’s PIAP to ensure that the SURWASH Program is actualized in the state.

Finally, the MD/CEO thanked our WASH-Friendly Governor, His Excellency Senator Hope Uzodimma for his commitment to reposition the WASH sector in Imo State. The presentation ceremony was attended by all management staff of the Corporation.

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