By: Ousainou J. Sawaneh
The Gambia Technical Training Institute (GTTI) Wednesday appeared before the parliamentary Select Committee on Education, Training and ICT to present its annual report on the Institutional Activities and Financial Statements for the year ended 31st December, 2015.
Opening the session, the Chairman of the select committee Hon. Yahya Gassama reminds the body that the committee’s mandate is to scrutinize various institutions under its watch which are required to appear before the committee and present reports.
Presenting the activity report before deputies Mrs. Jahou S. Faal, the Director General of GTTI stated that the vision of his institute is to efficiently and effectively contribute towards addressing the middle level human resource requirements of technical, commercial and industrial sectors of the county and the creation of opportunities for higher-level technical training adding that the mission is to continue as a centre of excellence through provision of quality technical, vocational and professional education and training thus contributing towards meeting the middle level human resource requirements of the Gambia.
She added that GTTI was established by an act of parliament in 1980 and from its inception to date the progress within the institute has been guided by a well thought out development plans and realistic objectives.
For his part, GTTI Director of Finance, Mr. Badou G. Loum pointed out that the audited financial statement and report of the institute laid before the committee showed cash flow statement for the year ended 31stDecember, 2015. On operating activities, he said the cash generated from operations in 2015 stood at D 3,628,164 while in 2014 it was D 59, 521.
Mr. Augustus Prom whose firm carried out the audit exercise disclosed that his office conducted the audit in accordance with International Standards on Auditing (ISA) adding that the audit included examination on test basis of evidence relevant to the amount and disclosure in the financial statement. He said their work also included an assessment of the significant estimates and judgments made by the board of governors in preparation of financial statements and whether the accounting policies were appropriate to the institute’s circumstances, consistently applied and adequately disclosed.
By: Ousainou J. Sawaneh