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Independent auditor to scrutinise CIFA’s books
- Updated: 22 June 2017
CIFA president Lee Ramoon (front centre) with Grant Thornton representatives and CIFA executive members.
The Cayman Islands Football Association (CIFA) on Wednesday (21 June, 2017) announced the appointment of Grant Thornton as its independent auditor.
According to a brief statement from the association, the appointment follows a competitive tender process overseen by the CIFA Executive Committee and approved by FIFA. It said Grant Thornton, which has local offices in Camana Bay, will undertake forensic and financial statement audits of CIFA financial transactions and activity, as well as conclude the 2014 to 2016 audits.
“I would like to thank Grant Thornton for their high professional standards demonstrated, and we look forward to working with them to complete the forensic and financial statements audits of CIFA and to provide our membership and other stakeholders with a complete accounting of all funds received by CIFA over the years,” CIFA President Lee Ramoon said.
CIFA’s financials have come under scrutiny since the arrest of former president Jeffrey Webb in connection with a massive corruption crackdown in international football. In November 2015, Webb pleaded guilty to fraud and money laundering charges and has been under house arrest in Atlanta, Georgia. He is scheduled to be sentenced in July for the crimes he admitted to relating to bribes and kickbacks for TV rights agreements while he was CONCACAF president.
Issues relating to the financials saw then Sports Minister Osbourne Bodden suspend government funding to CIFA.
“I certainly at this time cannot support the current CIFA administration under the current conditions. I think there are a lot of unanswered questions. CIFA needs to be more transparent, more accountable and when they do that, we as a government can support them,” Mr Bodden said in late 2015.
Prior to the breakdown, government provided around $130,000 annually to help CIFA manage the sport locally. That was in addition to funding from FIFA and CONCACAF. It’s likely the issue regarding government support under new minister Julianna O’Connor-Connolly will not change until the independent audit is completed.
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