Minister of Finance Hon. Hiro Shigemoto, says the Committee of Financial Supervision CFT will be sent a draft copy and the General Audit Chamber will be officially informed with respect to the new approach and requested to give its opinion before going forward.
The Annual Account will cover the period from January 1, 2010 to October 9, 2010 when the island still maintained the status of Island Territory under the constellation of the Netherlands Antilles.
The Minister of Finance says that Parliament's permission will be sought with respect to the Annual Report for 2011 to include the period of October 10, 2010 to December 31, 2010, the first two-months of country status.
"This will not be in accordance with the accountability ordinance, and therefore Parliament's approval is needed. Government is ensuring that aspects of good governance and transparency are fulfilled with respect to this approach.
"The CFT has been informed and they said they will approve this approach. The entire process is expected to be completed within a month," Minister of Finance Hon. Hiro Shigemoto said on Sunday.
The CFT letter that they would approve this approach was received by the Minister of Finance on October 11, 2011.
