Sports Commissioner's office has enforced a mandate over sports associations to perform regular annual audits. Two methods of hiring audit farms to conduct these audits are being evaluated right now with audit works to begin soon after.
Office of the Sports Commissioner has mandated regular annual audits over sports associations and begun efforts to compose a policy to regulate this.
Speaking at a press conference held yesterday about the procedures of the Ministry of Sports, Fitness and Recreation, Commissioner of Sports, Mohamed Tholal stated that most associations submit the necessary document they need to deliver to the Commission in compliance with the enforced policy with the exclusion of a few associations.
He carried on to point out that however, most associations to do not perform the mandated audit, further highlighting that former administrations had not bothered to inspect whether the auditing was being conducted.
"That associations were not informed of the actions taken for not performing the audits or the notice that they are not doing it at all," said Tholal, highlighting the problem of not performing audits despite the mandate.
He revealed that audit farms endorsed by financial institutions in the country are tasked with the work of auditing sports associations.
Tholal, who is also the Vice President of the Maldives Olympic Committee (MOC) remarked that appointing an audit farm to conduct audits is a costly procedure, elaborating that they have a vision of focusing on two models in proceeding the audit work.
"One method is we hire an audit farm and go to audit the association. We have consulted the Olympic Committee on the second method to use an audit farm through the committee in auditing associations," said Tholal.
Tholal, who had also filled the position of President of the Athletics Association of Maldives prior to assuming his role of Sport Commissioner assured that one of these two methods will be selected soon and auditing the association will be begun within the year.
He revealed that various levels of Ministry leaders are making efforts to fortify the operations of associations in their respective constituency.
During an interview given to Mihaaru News last December, Minister of Sports, Fitness and Recreation, Abdulla Rafiu had expressed his desire to establish performance of audits as a regular practice.
"To make it [auditing] a regular practice. [With auditing] done through an independent party," said Rafiu during the interview,
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