CWI CEO refutes CA suggestion about financial report on Mason.
CEO at CWI, Chris Dehring, also refuted Browne’s suggestion that the financial report was not up to par.“One of the things I don’t quite appreciate and have a very low tolerance for, is when people with a fair reputation in other areas come and want to make comments as loosely as Mr Browne did.
He maintained the report was, “a very solid report that contains an incredible amount of information about all the activities of Cricket West Indies.”
“You can’t look on one single annual report and hope to capture all of the detail and work and documents that support that,” Dehring said.
“When you are making a public document, you’re basically capturing elements from a body of work that has taken place across 12 months and trying to give you a flavour of what has taken place.”
T&T Guardian
"He maintained the report was "a very solid report that contains an incredible amount of information about all the activities of Cricket West Indies.”
“You can’t look on one single annual report and hope to capture all of the detail and work and documents that support that,” Dehring said. "
His statement above shows he is clueless about yearly audits. Fiscal statements must contain details of money spent with supporting documentation. A fiscal statement doesn't contain "an incredible amount of information about all the activities of Cricket West Indies.”
It must contain taxable benefits, every penny spent and received. for that fiscal year.
Then his biggest mistake: "You can’t look on one single annual report and hope to capture all of the detail and work and documents that support that,” Dehring said.
It's called a fiscal report and must detail everything that money was spent on and where it was received from.
CWI received benefits from various entities; it received money or tax benefits, such as being clearly spelled out in the notes that accompany such a fiscal year-end statement. This was a PR document.
By the CEO's statements above, he doesn't understand what such a fiscal statement entails. He should have gotten his chief financial officer to answer questions on Mason's radio show.
Exerpts from Mason's radio show
