{"id":92547,"date":"2025-12-23T09:50:18","date_gmt":"2025-12-23T09:50:18","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/auditor-general-flags-d5-billion-gap-in-cash-balances"},"modified":"2025-12-23T10:41:28","modified_gmt":"2025-12-23T10:41:28","slug":"auditor-general-flags-d5-billion-gap-in-cash-balances","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances","title":{"rendered":"Auditor General Flags D5 Billion Gap in Cash Balances"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>The 2024 Auditor General\u2019s Report has identified a discrepancy of more than five billion dalasis between two key government financial statements, raising concerns about the integrity of public accounts and the adequacy of financial controls.<\/b><\/p>\n<p>The National Audit Office said the difference emerged when auditors compared the cash balance disclosed in the government\u2019s Statement of Financial Position with the year-end balance reported in the Statement of Cash Receipts and Payments.<\/p>\n<p>\u201cThe discrepancy of GMD 4,860,333,780 between the cash balances reported in the Statement of Financial Position and the Statement of Cash Receipts and Payments implies that financial statements were misstated.\u201d<\/p>\n<p>According to the report, the Statement of Financial Position recorded a year-end cash balance of D9,844,770,010, while the Statement of Cash Receipts and Payments showed a net balance of D4,826,045,830. The unexplained variance\u2014D5,018,724,180\u2014suggests that the government\u2019s financial statements were misstated, auditors said.<\/p>\n<p>\u201cThe discrepancy&#8230; implies that financial statements were misstated,\u201d the report noted, adding that weaknesses in reconciliation procedures could lead to material misreporting of account balances.<\/p>\n<p>Auditors recommended that the Accountant General investigate the variance and make necessary adjustments to ensure the accuracy of government financial reporting.<\/p>\n<p>In response, management acknowledged the issue. \u201cThis is noted with concern, and management is working on addressing this discrepancy,\u201d officials wrote.<\/p>\n<p>However, auditors observed that the difference remained unresolved at the time the management letter was finalized.<\/p>\n<p>The finding is among the most significant red flags in the latest annual audit, underscoring persistent challenges in public financial management and oversight.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Gambia<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. The 2024 Auditor General\u2019s Report has identified a discrepancy of more than five billion dalasis between two key government financial statements, raising concerns about the integrity of public accounts and the adequacy of financial controls. The National Audit Office said the difference emerged when auditors compared the cash balance disclosed in the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":92546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[260],"class_list":["post-92547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Auditor General Flags D5 Billion Gap in Cash Balances - Gambia<\/title>\n<meta name=\"description\" content=\"The 2024 Auditor General\u2019s Report has identified a discrepancy of more than five billion dalasis between two key gove ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auditor General Flags D5 Billion Gap in Cash Balances\" \/>\n<meta property=\"og:description\" content=\"The 2024 Auditor General\u2019s Report has identified a discrepancy of more than five billion dalasis between two key gove ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-23T09:50:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-23T10:41:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/12\/sm_1766473794.699674.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Auditor General Flags D5 Billion Gap in Cash Balances\",\"datePublished\":\"2025-12-23T09:50:18+00:00\",\"dateModified\":\"2025-12-23T10:41:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/12\/sm_1766473794.699674.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-general-flags-d5-billion-gap-in-cash-balances\",\"name\":\"Auditor General Flags D5 Billion Gap in Cash Balances - 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