• Submitted by: manso
• Business and Economy
• 04 / 26 / 2011

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About 750 state-run companies will be targeted for a surprise audit beginning Monday, April 25, as part of the Nationwide Verification of Internal Controls, Cuba's Comptroller General (gbp) announced.

Gladys Bejerano Portela told journalists that between April 25 and May 31 about 3,000 auditors, economists and accountants will visit business companies chosen at random, to check on their activities in the first quarter of the year.

If necessary, the audits may be expanded to previous or later months, she said.

The results will be turned over to the top government officials on July 20, Bejerano said, adding that the audit seeks "to guarantee that the political will contained in the Guidelines for the Economic and Social Policy is applied with discipline, order and respect for legality."

Companies that fail the audit due to inefficiency could be shut down, according to the Guidelines drawn by the ruling Communist Party.

Among the most common problems detected during last year's surprise audit were past-due accounts, undocumented charges, inaccurate inventories, cash shortages, and commercial transactions made without contracts.

Also, payrolls that listed "phantom employees" who had left a company but continued to receive wages.

Bejerano said that the audits are conducted "not only to combat corruption but also to bring us closer to the efficiency that the national economy needs."


Source: miamiherald.typepad.com/cuban_colada/