News
PwC forensic audit lifts lid on dubious financial practices @ BVITB
ROAD TOWN, Tortola, VI—The leaked forensic investigation conducted by PricewaterhouseCoopers Advisory Services Limited (PwC) into the operations of the British Virgin Islands Tourist Board (BVITB), has brought to the public spotlight, critical shortcomings in the entity’s financial management, compliance, and oversight—including but not limited to glaringly unjustified financial adjustments to formal records, conflict of interest and outright corrupt procurement practices.
Alarming failures uncovered @ BVITB in PwC Special Audit
ROAD TOWN, Tortola, VI- A damning investigation by internationally renowned PricewaterhouseCoopers Advisory Services Limited (PwC), into the operations of the BVI Tourist Board & Film Commission (BVITB&FC) has revealed a pattern of systemic failures, compliance breaches, and governance weaknesses between 2014 and 2018.
‘Over $1 million paid to PWC without tender’ - Premier Smith
ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr the Honourable D. Orlando Smith said today November 10, 2014 that the Government paid PriceWaterHouseCoopers (PWC) in excess of $1 million without public tendering.
Why is PriceWaterHouseCoopers interested in the VI? – Hon Fraser
ROAD TOWN, Tortola, VI – Representative of the Third District Hon Julian Fraser RA said that Government should be cautious in dealing with accounting giant PriceWaterHouseCoopers, saying that the company can do or get anything it wants and buy its way out because of its size.
PWHC raked in millions under NDP – Hon Andrew A. Fahie
VALLEY, Virgin Gorda, VI - “There is a company for the last three years that continues to get into the public purse and we cannot get them out named PriceWaterHouseCoopers (PWHC),” said Honourable Andrew A. Fahie (R1), a key member of the Virgin Islands Party (VIP).
Opposition sees red flags on PWC’s engagement by NDP admin.
ROAD TOWN, Tortola, VI -Representative of the First District Hon. Andrew A. Fahie is concerned about the increasing number of incomplete answers to questions asked in the House of Assembly (HoA) by Opposition Members and has also questioned the engagement of PricewaterhouseCoopers to conduct a forensic audit of the Territory's finances over a particular period.
Premier flatly denies gov't involvement in contract splitting
ROAD TOWN, Tortola, VI – While facing some tough questions during the eighth sitting of the second session of the second House of Assembly (HOA) yesterday, April 25, 2013 Premier and Minister of Finance Dr The Hon. D. Orlando Smith flatly denied that the government was involved in any form of contract splitting in any of its capital projects.
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