14 recommendations made by KC Sinanan –Auditor II
*The implementation of a system of internal controls, accounting and Human Resource.
*The detailing of an employee establishment identifying their remunerations.
*Staffing for the TTBC should be advertised requesting basic minimum qualification.
*Proper documentation of employee contractual agreements.
*The maintenance of a system of accounting that lends itself to audit scrutiny
*Being VAT registered
*Mandatory statutory deductions in keeping with statute i.e income tax , health surcharge, national insurance etc
*Subsidiary records of all deductions and remittances must be maintained
*Implementation of a proper filing system for maintenance of records
*Reimbursement claims must be promptly submitted and accompanied by legitimate documentations and explanations
*A full review of internal controls must be routinely conducted by respective managers
*Frequents audits must be programmed and conducted on the T&T boxing board
*Follow up by the Ministry of Sport to ensure that controls have been put in place to prevent abuse of subventions
*Requests for additional funding must be accompanied by a statement for audit scrutiny of how funds have been expended to date, and by justification for additional funding required.