December 15, 2015 12:07 pm
Updated: December 15, 2015 6:12 pm

‘I’m not asking for permission’ : N.B. Auditor General to do second Atcon report

WATCH ABOVE: New Brunswick Auditor General Kim MacPherson has released another addition to her annual report, and it chastises the government for its lack of financial accountability. Global’s Laura Brown reports.


FREDERICTON – The province’s Auditor General has released two more volumes of performance audits, and is reacting to the government’s response on past audits she’s done.

In her follow-ups, Kim MacPherson included an update on a report she filed earlier in 2015 on the Atcon file.

READ MORE: N.B. Opposition turns over Atcon servers to the RCMP

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In March, her office released a report with 19 recommendations stemming from an investigation into how government financially assisted Atcon Holdings Inc.

In 2008 and 2009, the then-Liberal government granted the company over $60 million in loan guarantees. It cost taxpayers $70 million after Atcon went bankrupt in 2010.

On Tuesday, MacPherson announced she intends on doing a second report looking into where that $70 million went.

“My objective is to respond to those unanswered questions, and that’s what we will do,” she said.

“It’s simply to respond to the many, many questions that continue to come into my office.”

READ MORE: New Brunswick on hook for $70M in Atcon deal

MacPherson said she is obtaining access to Atcon books and records and that she intends to ask the Legislative Administration Committee for the proper funds.

She said she’s not “asking permission” to do another report, that she must do it in order to fulfill her mandate.

“I have to do this work.”

MacPherson’s audits include funds raised by schools, a look at the N.B. Lotteries and Gaming Corporation, the Centennial Building in Fredericton as well as following up on past recommendations.


© 2015 Shaw Media

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