Special Audit Report of the Caribbean Maritime University (CMU)
The Auditor General’s Department (AuGD) conducted a special audit of the Caribbean Maritime University (CMU) for the period 2016-17 to 2018-19 in response to public concerns regarding allegations of malpractice at CMU. The audit sought to ascertain whether CMU’s operational activities, governance and monitoring framework were consistent with the principles of good financial management and whether procurement and contracts management practices were in keeping with Government of Jamaica (GOJ) Guidelines and best practices, to attain value for money.
The audit identified weaknesses in CMU’s governance and monitoring framework, accounting processes, procurement and contracts management practices. These weaknesses, if left unresolved, will increase the risk of losses and regulatory breaches and could ultimately undermine the execution of CMU’s mandate.