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Accountancy board gets $100K
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Posted on Feb 18 2005
The newly created CNMI Accountancy Board recently received its initial funding of $100,000 to begin operations.
Gov. Juan N. Babauta, in a Feb. 17 letter to board chair Mike Johnson, said he has allotted $100,000 in federal grant funds for the board.
Babauta said he understands that the board wants to immediately hire an executive director to assist the board “in quickly establishing rules regarding licensure and procedures for administering licensure tests.”
“In order to facilitate this important work, I have provided [$100,000] of federal grant funds,” the governor said.
He said the fund was deposited to account No. R34012 for the use of the accountancy board.
Babauta earlier asked the Legislature to include at least $200,000 in the 2005 appropriation bill for the board. The bill, which was eventually vetoed last month, did not include such funding.
The board is tasked to develop a program that would allow the CNMI to become a training and testing site for people seeking to become U.S. certified public accountants.
The board consists of five CPAs, headed by Johnson, Deloitte & Touche Saipan managing partner.
Other members are James Whitt as vice chair, David Burger as treasurer, Dora Inos-Deleon Guerrero as secretary, and Office of the Public Auditor’s Rufo Mafnas as member. (Liberty Dones)
