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 OZschwitz taxpayers fork out $6 million for KPMG to search for missing TAFE fees

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OZschwitz taxpayers fork out $6 million for KPMG to search for missing TAFE fees Vide
PostSubject: OZschwitz taxpayers fork out $6 million for KPMG to search for missing TAFE fees   OZschwitz taxpayers fork out $6 million for KPMG to search for missing TAFE fees Icon_minitimeSat Mar 12, 2016 5:21 pm
TAFE NSW will pay consultants KPMG almost $6 million to track down missing student fees and course revenue after a software bungle threw TAFE enrolments into chaos.

NSW Auditor-General Tony Whitfield revealed last November that TAFE had a $525 million black hole in its accounts, and had failed its annual audit, because the software couldn't provide evidence of the fees being paid.

Despite assurances given by Skills Minister John Barilaro to Parliament last year that problems with the TAFE software system, LMBR, were being worked on, TAFE is still unable to locate the missing money.

KPMG will be paid $5.86 million between January and September to "produce complete and accurate revenue and revenue related financial balances for TAFE NSW" in time for the 2016 audit, contract notices show.

Read more: http://www.smh.com.au/nsw/nsw-taxpayers-fork-out-6-million-for-kpmg-to-search-for-missing-tafe-fees-20160312-gnhd8j.html#ixzz42jJs39YF

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OZschwitz taxpayers fork out $6 million for KPMG to search for missing TAFE fees

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