Companies do not fill in annual accounts

During the consideration of the Annual Accounts Act, it emerged that a number of companies have not completed their annual accounts. Commercial banks and the Central Bank of Suriname (CBvS) also belong to this group. The Suriname Business Association (VSB) has asked the National Assembly (DNA) for another year to get things under control.

However, there is still no agreement in the Folketing, because when the law was passed in 2017, companies had three to four years to prepare all annual accounts until this year. The law was also not applicable because the Suriname Chartered Accountants Institute Act did not yet exist. This law was passed in 2018. Assemblyman Stephen Tsang (NDP) said the companies were invited when the latter law was passed. According to him, companies can not say that they were not aware that the Financial Statements Act existed.

Politics
Both laws were part of a package of laws in support of the Anti-Corruption Act. The new government should continue its anti-corruption policy and should not succumb to outside pressure to extend the standstill period or change the size criteria.

»The government must show balls. Otherwise we will always have to run after the companies. If SLM had presented financial statements, they might not have been in this situation and action could have been taken much earlier, ”said Tsang. The Accounting Act should also be in accordance with the National Risk Assessment (NRA). Tsang would know what the impact will be on our NRA assessment if we delay companies.

“We should not go blindly because an organization supports a random governing party. We must choose what is good for our country. Three years of standstill was not enough, do you think one more year is enough? If we had put five years in, it would not be enough. If you do not enforce compliance with a firm hand, a ten-year delay will not be enough, “Tsang said.

erroneous conclusions
Ronny Asabina, head of BEP, said we are immortally ridiculing ourselves by treating this design. He has the feeling that the initiative for legislative changes has roots in the business world. Asabina is not in favor of more space, because according to him the companies had room to get their cases in order in 2017, 2018, 2019, 2020, 2021. He also believes that VSB has only cited misconceptions about why companies do not complete their annual accounts .

He asked the government to act once in this country and get the companies that do not comply with the rules to pay the fines stipulated in the law. “It is a very easy way for the state to get resources. With this money, the government will be able to alleviate the distress of companies and institutions, ”said Asabina. He claimed that all companies on VSB’s list can pay the fines.

Kishan Ramsukul (VHP) said giving more space to companies is considered ridiculous, but that it is worse if CBvS and semi-state companies do not prepare an annual report. “We are trying to improve it right now. The government should provide more information on these matters. People need to know what to do and how things are working,” Ramsukul said.

Guarantee
ABOP faction leader Obed Kanapé said an increase could not be approved if parliament had no assurances from those who said they were not aware the law had been promulgated. “We must have certainty and connect sanctions, otherwise we are wasting our time,” Kanapé said.

Harriet Ramdien (VHP) said she accepts a one-year term because the benefits are mutual for companies and the government. Ramdi is not in favor of imposing sanctions now. “Let’s give the people a chance until 2022, and if they do not get their cases in order within the proposed time, we will come up with sanctions, because then it will be too much,” Ramdien said.

Weak argument
Jennifer Vreedzaam (NDP) is not in favor of a one-year shift because Suriname still has to comply with the National Risk Assessment (NRA), where it is very important to keep track of financial reports and financial statements. “When we have obligations internationally, we have to comply with the rules. We should not move rules for the benefit of a group or a number of individuals. If we are to regulate and structure things, then let’s do it. Companies must comply with the law. They have to catch up. There must be sanctions. We have to stop moving things because we have friends, ”Peaceful said.

Rabin Parmessar, party leader of the NDP, said that for the first time a draft law is presented where the argument for change is so weak. He is surprised that the government is making an amendment based on a study by VSB and has not conducted its own study. ‘It is not possible for there to be an independent inquiry. No decision can be made on the basis of these considerations alone. “

Parmessar said that Oil & Gas is on the doorstep and that we only help companies in such a way to participate because they need to be certified and need to provide good records of their business operations.

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