– GFF Financial Audit clean

THE Guyana Football Federation (GFF) held its Ordinary Congress yesterday at the Sleep Inn International Hotel where a number of important issues were discussed.

Following the conclusion of the Congress, GFF President Wayne Forde revealed that some important decisions were made.

One of those matters was the presentation and subsequent approval of a National Insurance Policy for players and officials.

He noted; “This is ground-breaking for football, we now have a mechanism through our partnership with Assuria Insurance where we will be providing insurance coverage for players and officials throughout the footballing fraternity.”

“Over the next couple of weeks we will be meeting with each of our regional members to work out the mechanics of implementing this programme as this is significant not only for football, but for sports in Guyana and we’re hoping that we can have it implemented in the shortest possible time.”

Another crucial area that was tackled at the Congress was the appointment of an Auditing Compliance Committee. “It is an important arm in world football;  FIFA has insisted as part of our compliance requirement, we have to have an Auditing Compliance Committee and we’ve done this today successfully.”

Clean Audit

In December of 2017, there was a cloud of doubt following Audited Financial Statements for the year ending December 31, 2016, which was done by Ram and McRae, Chartered Accountants, Professional Services Firm.

It was found by Ram and McRae that the GFF “did not maintain adequate documentation in respect of games and other income stated at $21,051,698 in the financial statements. Of this amount, a total of $16,834,029 was supported by receipts and other audit evidence.”

However, Forde revealed that he was pleased with a clean audit that was presented by the federation and approved unanimously by the Executive Committee.

“Most importantly, today the GFF Executive Committee presented a clean audit to the members. We made a commitment to ourselves and to the members to present an audit that was free of all qualifications and we have put in hard work over the last couple of months since the last congress (December 2017).  Today, we were able to present a really good audit.”