The chartered accounting firm I. Naiveli & Co., which was responsible for preparing the SODELPA (Social Democratic Liberal Party) annual financial report, did not attend the party’s Annual General Meeting (AGM) on Saturday, prompting questions from party supporters. The absence of the auditors raised concerns regarding some accounting discrepancies that had yet to be clarified.
During the AGM, Party Leader Aseri Radrodro stated that I. Naiveli & Co had requested explanations for a $23,000 discrepancy on the SODELPA balance sheet. Additionally, the auditors highlighted a $177,000 debt owed to Vulivou Partnership and sought clarification on $93,000 owed to creditors. They expressed concerns about the party’s ability to operate sustainably given that expenditures exceeded revenues.
Radrodro emphasized the necessity for SODELPA to resolve these issues before the auditors could finalize and sign off on the financial accounts. In response, Party President Ratu Filimoni Soqeta affirmed their intent to address these points with the Working Board and Management Board before the next meeting, indicating a proactive approach to resolving the financial discrepancies.
The AGM witnessed participation from over 400 party supporters, showcasing solidarity and engagement within the party ranks, despite the current financial challenges. This gathering illustrates a commitment to transparency and accountability as SODELPA navigates these pressing financial matters.
The commitment to address these financial discrepancies could potentially strengthen trust within the party and among its supporters as they prepare for future electoral challenges. Such proactive measures reflect a dedication to responsible financial management, which is crucial for securing the party’s credibility and future success.
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