The University of Professional Studies (UPSA) has refuted claims suggesting that it undertook an undocumented transaction to the tune of GHC318, 000.
Reports say that UPSA engaged in an undocumented transaction, as captured by the 2021 Auditor General’s report.
In a statement issued by UPSA, it noted that the university had already provided documentation on the transaction, adding that it has since been cleared of the findings in the original audit.
“The management of the University of Professional Studies, Accra has noted with concern a news story first carried by Myjoyonline about an undocumented transaction to the tune of GHC318K found in the 2021 Auditor General’s report relating to the 2019 audit,” it said.
“Management wishes to bring to the attention of all media houses that since the release of the Auditor General’s report, UPSA has provided the relevant documentation, which has resulted in the clearing of this finding,” the university pointed out.
“Additionally, UPSA has appeared before the Public Accounts Committee of Parliament, where the relevant documentation was accepted and the clearing of the audit finding upheld,” it said.
Strict adherence
UPSA said it has always adhered strictly to auditing and performance standards saying it “prides itself in engaging in strict discipline, adherence, and compliance in matters relating to public accounting, auditing and performance standards.
“The general public and media houses are entreated to take note to ensure comprehensive reporting on this matter,” the UPSA statement added.
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