The recently released forensic audit into the $7.9B E-Governance project has found the venture was being run without the necessary systems of internal control.

Auditors attached to Ram and McRae reported that the project which was being managed by former first son, Alexei Ramotar has no documented Standard Operating Procedures. Also, there were no formal accounting policies and procedures in place. This caused major problems in auditors being able to verify items purchased and other financial transactions. Auditors listed at least four weaknesses in internal controls. Major problems were found with regards to inventories. The listing given to auditors by Ramotar did not include cost, which is the most significant element of an inventory listing.(Kaieteurnews.com/photo: Kaieteurnews.com)…[+]