I was prompted to write this article because of the disclosure by a well-known commentator, Mr. Christopher Ram, on the financial reporting requirements and governance arrangements of the Guyana Energy Authority (GEA). In his articles to be found at www.chrisram.net under the captions ‘As a statutory body the GEA must file annual reports’ and ‘Energy Policy for Guyana – Conclusion,’ Mr Ram observed the following:
Lack of compliance with the International financial Reporting Standards (IFRS) on revenue recognition;
The failure to lay GEA’s annual reports in the National Assembly, as opposed to