Employees of the central bank paid invoices without authorization, did not evaluate whether they got good value from suppliers and violated a fail-safe system meant to guard against cheque fraud, the report said.
The findings appear in two newly released audits from 2004, both obtained under the Access to Information Act.
In an Oct. 15 report, auditors sampled 64 invo
- BoE sparks controversy over expenses disclosure
- Further US tightening risks recession – St Louis Fed president
- Cyprus ex-governor says authorities asked for false audit of failed bank
- Riksbank says all banks should be ‘obliged’ to continue cash services
- Iranian central bank looking for alternative to Swift, local media says