The Terms of Reference of the Investigation team to probe the understatement of revenue for the financial year 2023 and related matters are revealed by the Ministry of Finance on Tuesday.
It includes what circumstances led to the Understatement of Revenue in the public accounts for the financial year 2023 and what should be done to avoid a recurrence of same.
The efficacy of the new Electronic Cheque Clearing System introduced by the Central Bank of Trinidad and Tobago in February 2023.
The efforts made by the officials at the Ministry of Finance and its various Divisions to correct the Understatement of Revenue, and to advise the Auditor General of the Understatement and provide her with an explanation, clarification and further information on same.
What was the response of the Auditor General to the efforts of the public officials described and what action was taken by the Auditor General in relation to the Understatement of Revenue in the audit of the Public Accounts for financial year 2023.
What are the facts in relation to the allegations and statements made by the Auditor General in her Report on the Public Accounts of Trinidad and Tobago for the Financial Year 2023.
This includes the Addendum and Appendices, with specific reference to the Understatement of Revenue in the public accounts for the financial year 2023 and any other related matters; and findings and Recommendations going forward.