Credible report reaching the INQUIRER has indicated an audit report released recently on the Cuttington University (CU) was politically motivated. According to investigation, the report was conducted and politically influenced by some politicians who see the President of the CU, Dr. Henrique Tokpa as potential threat to them as the mid-term senatorial election slated for October 2014 approaches.
The investigation revealed that prior to the conduct of the audit, the President of the CU wrote then Auditor General Robert Kilby acknowledging with sincere thanks and appreciation the engagement letter of audit on Cuttington University for fiscal period covering from 2006/0 to 2011/12.
The CU President’s letter said, “In reference to the above, we like to inform you of a number of constraints that your commission is aware of the technology of accounting software is rapidly changing or get easily corrupted”.
The AG was then informed that, that was the situation that was experience at the CU with the Quick Books that hosted the data from 2006 to 2008. The AG was also informed that even during the relocation of the CU offices the administration realized that they could not retrieve some of the payment vouchers of said period.
The CU then appealed that the AG consider adjusting the scope in the letter of engagement to extend from 2009/10to 2011/2012 and expressed the trust that the AG finding will corroborate the state of the CU financial records of the previous fiscal period.
However the investigation proved that the appeal was ignored based upon the advice of a certain politician (name withheld) who sees the President of the CU as a potential candidate that could win in the pending election.
The investigation indicated that the period for which there were no records was included in the audit report only to stain the character of CU President, Dr. Tokpa and turn the electorates away from him.
The recent audit also ignored an audit of the CU conducted for the period 2007 and 2006 by an international auditing firm which states that “in all material respects, the financial position of Cuttington University as at September 30, 2007 and 2006 and the results of its operations and its cash flows for years then ended, in conformity with the accounting principles generally accepted in the United States of America.
“As the mid-term elections draws near, there will be politicians who will be in the habit of tarnishing the reputation of their opponents, but would be a good thing if such individuals could leave a reputable institution like the Cuttington University out of their politics,” a political analyst said.