From the Court of Accounts to the Central Bank: There is no holistic accounting regulation!

From the Court of Accounts to the Central Bank: There is no holistic accounting regulation!
Date: 30.9.2022 14:00

The remarkable report about the Central Bank at the center of the discussions… The latest Central Bank reports of the Court of Accounts included remarkable findings.

email Print zoom+ zoom-
In the findings, it was seen that the Court of Accounts warned the Central Bank due to the lack of a holistic accounting management, while the fact that the accounting management of the institution that directs the country's economic and monetary policy was not properly made them give up!
 

IF THE CENTER IS SUCH, WHAT SHOULD OTHER INSTITUTIONS DO?

 
The Court of Accounts has made its annual reports on public institutions and organizations accessible on its website. The findings in the report of the Court of Accounts on the Central Bank, which is the backbone of Turkey, made one say that this is not possible.
 
It is seen that the Court of Accounts made the following statements about the accounting system of the MB in its second finding:
 
"Accounting for the activities of the Central Bank in the account and record order in a healthy and reliable manner in accordance with their real nature, financial statements are timely, accurate, within the framework of the basic concepts of accounting and generally accepted accounting principles, in accordance with international standards, to meet the information needs of the management and other relevant persons and to be precise. It has been observed that there is no holistic accounting regulation prepared in a way that will be the basis for the issuance of the account and ensure the effective operation of the decision, control and accountability processes."
 
The Court of Accounts' reporting that the Central Bank, which directs the country's economic management, does not have a holistic accounting management, "What should other institutions do if the CB is like this?" brought the question to mind.
 

PAYMENT MADE AGAINST THE LAW

 
While the Court of Accounts has identified multiple irregularities with the Central Bank, another outstanding finding draws attention as the CB's agreement with a private health company. In the report, it was stated that the Central Bank agreed with private health insurance companies for its personnel, this was not legal and over 45 million were paid. It is emphasized that the Court of Accounts reported the same situation last year, but it was not corrected.
 
The Court of Accounts states the following in the relevant section:
 
"Although the general health insurance premium is paid to the Social Security Institution (SGK) from the CB budget, the treatment and medication expenses of the CB personnel and their dependents are outsourced according to subparagraph (c) of Article 3 of the Public Procurement Law No. 4734. Within the scope of the contract concluded with a private insurance company, an illegal payment of TL 45,167,200,00 was made."
 

THE APPOINTMENT TO THE CENTRAL BANK ATTRACHES ATTENTION!

 
Apart from the findings of the Court of Accounts in the reports, an appointment in the Central Bank drew attention. It was learned that the person who did not have a single day of service at the Central Bank was first appointed as a consultant, and within a few days, he was appointed to the General Directorate of Communications and Foreign Relations of the Central Bank, which caused internal discomfort. While it is stated that the appointment caused serious discomfort in the Center, the reason for the appointment from outside is wondered despite the fact that there are many personnel with high international experience, good foreign language and good knowledge of the economy.

YEREL HABERLER

Milli Gazete Puplication Group All Rights Reserved © 2000-2016 - Can not be published without permission ! Tel : +90 212 697 1000  /  Fax : +90 212 697 1000 Software Development and System Support: Milli Gazete