By Strategic Mobilisation Ghana Limited (SML) vehemently denies the assertions made by KPMG in its recent audit report regarding its contract with the Ghana Revenue Authority (GRA), asserting that it has fulfilled all its obligations as outlined in the Transaction Audit Service Agreement.
In its report submitted to President Akufo-Addo, KPMG concluded that SML had only partially fulfilled the service requirements. The report raised concerns that GRA may not have realized all the expected benefits from the service, partly due to the absence of monitoring and evaluation processes within GRA.
However, SML refutes these claims, emphasizing its full compliance with the terms that led to the subsequent recommendation and awarding of the downstream petroleum audit contract.
“Regarding the transaction audit service, SML delivered fully on the basis for subsequent recommendation and awarding of the downstream petroleum audit contract. The Transaction Audit contract includes provisions for monitoring and evaluation services as well as a value-for-money assessment, both of which were diligently adhered to by the GRA and SML.
“SML observes that KPMG makes similar findings regarding External Price Verification Services. SML rejects KPMG’s observation that ICUMS has inbuilt capabilities for External Price Verification.
“SML is an independent assurance audit firm contracted to audit ICUMS, assess the customs at CTSB (Customs Technical Service Bureau) on classification and valuation, and audit the values accordingly. ICUMS cannot audit its operations. SML services provide extra oversight when it comes to classification and valuation,” it stated.
Meanwhile, President Akufo-Addo has approved the recommendation by auditing firm KPMG to terminate the upstream petroleum and minerals audit services that were previously provided to the Ghana Revenue Authority (GRA) by Strategic Mobilisation Limited (SML).
