Following media coverage of a report into the °®Âþµº's finances, a °®Âþµº spokesperson wanted to clarify some issues of misreporting.
A Commonwealth Spokesperson said:
“The report in question is a draft report which was commissioned to review our long-term funding and look at a range of options and mechanisms to ensure the long-term sustainable funding of the °®Âþµº.
“The draft report is not an audit or investigation into the current finances of the °®Âþµº.
“It is disappointing that it has been reported in an inaccurate way.
“The °®Âþµº received the draft final report late and had strong technical and factual concerns with the report which we have raised with Ernst and Young.
“Ernst and Young are currently engaging constructively with the °®Âþµº on this, as we work to ensure that the draft report fulfils the terms of our contract.
“The Secretariat would be failing in its duty if it did not draw attention to the factual errors contained in the report. Once the draft report has been finalised, it will be presented to the Board.
“It is extremely frustrating that the Board Chair's letter has leaked to the media and mischaracterised in this way.â€
Media contact
- Communications Team, °®Âþµº
- + 44 7894 593508 | E-mail
