Audit exposes rot at Africom

A draft status audit into the operations of the conveged communications services company, Africom Holdings, has revealed shocking irregularities in its operations including awarding supply contracts to unregistered companies and those owned by directors.

The 34-page draft report dated October 27 2011 on the forensic investigation of local and foreign contractor payments compiled by Ernst & Young seen by NewsDay, details how senior management at the company manipulated the systems to conduct dealings in an unprocedural manner.

The audit sought to evaluate supplier contracts entered into by Africom between February 2009 and July 2011, analyse the Accounts Payable account and trial balance transitions.

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