The audit of ExxonMobil’s over US$9 billion in claimed expenses has begun and will see local auditors working alongside the Martindale Group of Oklahoma, in the United States as part of their training, according to Floyd Haynes, head of the consortium undertaking the review.
“There is a training component that sees knowledge transfer. So what that is, is the training of local accountants. We, the consortium, will have staff working along with Martindale. What has been suggested and agreed to is that we will send some people up to Oklahoma to work alongside the Martindale folks,” Haynes told Sunday Stabroek when asked for an update.
It was in May of this year, and nearly 22 months after the PPP/C took office, that the Government signed a deal to audit the US$9 billion claimed by ExxonMobil and its partners as post-contract expenses.