The University of Professional Studies (UPSA) has refuted claims suggesting that it undertook an undocumented transaction worth GHC318,000.
“The management of the University of Professional Studies, Accra has noted with concern a news story first carried by Myjoyonline about an undocumented transaction to the tune of GHC318K found in the 2021 Auditor General’s report relating to the 2019 audit.
Journalists had earlier reported that UPSA engaged in an undocumented transaction, as captured by the 2021 Auditor General’s report.
“Management wishes to bring to the attention of all media houses that since the release of the Auditor General’s report, UPSA has provided the relevant documentation, which has resulted in the clearing of this finding,” the university said.
In a statement dated August 31, 2022, the university said it has appeared before the Public Accounts Committee of Parliament where the relevant documentations were accepted and the clearing of the audit finding upheld.
“Management wishes to bring to the attention of all media houses that since the release of the Auditor General’s report, UPSA has provided the relevant documentation, which has resulted in the clearing of this finding,” the university said.
UPSA said it has always adhered strictly to auditing and performance standards.
“UPSA prides itself in engaging in strict discipline, adherence and compliance in matters relating to public accounting, auditing and performance standards.
“The general public and media houses are entreated to take note to ensure comprehensive reporting on this matter,” the UPSA statement added.
The 2021 Auditor-General’s Report revealed that some transactions undertaken by officials of the University for Professional Studies, Accra (UPSA) were not backed by relevant documents as proof.
This is contained in the report dated June 1, 2022, and addressed to the Speaker of Parliament, Mr. Alban Bagbin.
The Auditors noted that “twenty-five (25) payment vouchers totaling GH¢318,982.54 released to officers of UPSA to transact official business on behalf of the University were not supported with the relevant documents.”
They therefore recommended that, “the amount be recovered from the officers involved. Meanwhile, the head of accounts should step up his supervisory role to ensure payments are properly accounted for.”
The Auditors also found that the Director of Works at UPSA did not adhere to internal control procedures.
