• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Sports Football/Soccer 202002

CAF Disputes 'Unfounded Allegations' In Leaked Audit Report

15-Feb-2020
/ Football/Soccer, Sports
Email
Print
Comments 0
CAF President, Ahmad Ahmad
(0)
Comments
Share on Facebook Share on Twitter
 

The Executive Committee of the Confederation of African Football Football (CAF) has slammed as 'unfounded' parts of a leaked audit report that painted the organisation in unflattering terms, insisting some of the findings by PricewaterhouseCoopers (PwC) are completely misplaced.

The Cairo-based organisation revealed that the audit firm PwC failed to attend the football body's emergency meeting in the Qatari capital of Doha on Friday to defend three of the wide-ranging findings made in the audit report.

 
 
CAF's finance division has been mandated by the Executive Committee to provide 'tangible clarification elements' to parts of the audit report that was prematurely leaked to the media even before the clarification was provided to the sticking points.

The Executive Committee of CAF commissioned the audit of the organisation in April 2019 as part of its reforms programme but the preliminary report was leaked to the media that painted the body in unflattering terms.

Amongst its findings, the audit questioned the body's accounting, its governance, and its payments, which it claimed  was "unreliable and not trustworthy."

The audit report questioned the use of the Fifa Forward funds by CAF, support payments made for the funerals as well as the agreement with for the supply of sports equipment by French company Tactical Steel.

CAF revealed that the funeral payments are "support of families of individuals who have served African football, including the family of the late Hussein Swaleh," the Kenyan football official who was killed in a plane crash on his return from commissioning a CAF match.

It also said the use of Fifa Forward funds had been "strictly governed by procedures set by Fifa'' while in the case of Tactical Steel the claims  "were before various jurisdictions" and that it was "ready to provide the relevant justification for the matter as previously authorised by the Caf Executive Committee."

While disputing parts of the report, CAF reaffirmed its commitment to carry out changes to the organisation in line with some of the recommendation made in the audit report.

"The Executive Committee has reiterated its pledge to transform CAF," the statement released on Friday read.

"In parallel, the Executive Committee will share the Price Waterhouse Cooper (PwC) audit report pertaining to 7 areas of financial management with the CAF Governance Committee.

"The CAF finance department is also preparing a report with tangible clarification elements that will complement the results of the audit that was initially demanded by the Executive Committee on April 11th, 2019."

Source: Ghanasoccernet.com

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Man City Slam 'Prejudicial' UEFA And Will Appeal Champions League Ban

Next Post

Ghana Premier League: Inter Allies Shock Chelsea In Berekum

 
 

More Stories

I'm Coming Out of Retirement - Says Djibril Cisse
Lionel Messi 'Has Doubts Over Signing a New Deal With PSG'
Referee Mark Clattenburg Flees Egypt - And His £32,000-a-month Job - After Facing Gay Claims
Mbappe PSG Vice-captaincy Decision Shocks Kimpembe
Ronaldo Issued Bayern Munich or Chelsea Transfer Ultimatum to Agent Mendes Before Man Utd Exit
The GFA Wants Someone They Can Manipulate – Sam George on Black Stars Coaching Role
Saudi Chief Reacts to Talk of £246m Messi Transfer Deal
Everton Sack Frank Lampard!
MTN FA CUP: Holders Hearts of Oak Knocked Out, Kotoko Progress
Next Post

Ghana Premier League: Inter Allies Shock Chelsea In Berekum

  Ghana Sports News

  • General Sports
  • Football/Soccer
  • Swimming
  • Boxing
  • Athletics
  • Hockey
  • Golf


 
 

Other Football/Soccer Stories

  • I'm Coming Out of Retirement - Says Djibril Cisse

  • Lionel Messi 'Has Doubts Over Signing a New Deal With PSG'

  • Referee Mark Clattenburg Flees Egypt - And His £32,000-a-month Job - After Facing Gay Claims

  • Mbappe PSG Vice-captaincy Decision Shocks Kimpembe

  • Ronaldo Issued Bayern Munich or Chelsea Transfer Ultimatum to Agent Mendes Before Man Utd Exit

  • The GFA Wants Someone They Can Manipulate – Sam George on Black Stars Coaching Role

  • Saudi Chief Reacts to Talk of £246m Messi Transfer Deal

  • Everton Sack Frank Lampard!

  • MTN FA CUP: Holders Hearts of Oak Knocked Out, Kotoko Progress

  • Dr. Osei Kwame Despite Dishes Out $3000 To Brilliant but Needy Footballers – VIDEO

 

 
 

Popular Videos

Akan News @ 6am On Peace 104.3 FM (22/1/2023)

Peace Power Sports (22/01/2023)

Kokrokoo Live On Peace 104.3FM(23/1/2023)

Akan News @ Midday On Peace 104.3 FM (23/01/2023)

HELLO POWER SPORTS (23/01/2023)

Akan News @ 8pm On Peace 104.3 FM (23/01/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media