Comptroller Reveals Flaws in Contracting and Property Management at the Retirement Board
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2 Articles
The Puerto Rico Comptroller's Office (OCPR) revealed on Thursday deficiencies in the internal controls and administrative processes of the Government Retirement Board, including improper payments to a contractor, irregularities in the contracting of professional services, and multimillion-dollar discrepancies in property records.
SAN JUAN – An audit of the Comptroller’s Office detected improper payments, deficiencies in the hiring of professional services, and million-dollar discrepancies in the property records of the Puerto Rico Government’s Retirement Board, transcended Thursday. “These deficiencies identified in the audit weaken the administrative processes and increase the risk of irregularities. We urge all officials to maintain strict internal controls, properly f…
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