| Timor-Leste: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | 0 |
| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | 20 |
| 66 | Can citizens access the financial records of state-owned companies? | 10 |
Indicator and sub-Indicator Details
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | |||||||
| 64: In law, is there an agency or equivalent mechanism overseeing state-owned companies? | ||||||||
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Comments: If/when the audit court is created (as called for under the Constitution), it would have jurisdiction over state-owned enterprises. There are three main state-owned companies: Timor Telco, Water, and Power. There is no formal oversight mechanisms in place as of yet. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | |||||||
| 65a: In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference. | ||||||||
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Comments: If/when the audit court comes into existence, it would be guaranteed political independence. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 65b: In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff. | ||||||||
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Comments: The Constitution is clear about a supreme audit, but it has not been established yet. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: The Constitution is clear about a supreme audit, but it has not been established yet. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 65d: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations. | ||||||||
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Comments: The Constitution is clear about a supreme audit, but it has not been established yet. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 65e: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders. | ||||||||
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Comments: The Constitution is clear about a supreme audit, but it has not been established yet. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 66 | Can citizens access the financial records of state-owned companies? | |||||||
| 66a: In law, citizens can access the financial records of state-owned companies. | ||||||||
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Comments: There is no legal guarantee of citizen access to such records. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 66b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 66c: In practice, the financial records of state-owned companies are audited according to international accounting standards. | ||||||||
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Comments: Some auditing of the three main state-owned enterprises has been carried out, mainly at the request of international donors. But the results are not easily accessible. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
Peer Review Comments: International accounting firms have been drafted in to conduct audits, and the petroleum audit is accessible.
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| 66d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period. | ||||||||
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Comments: There is no practical access to such records. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
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| 66e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost. | ||||||||
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Comments: There is no practical access to such records. References: Interview with Dr. Francisco Guterres, head of TIDS and now appointed as secretary of state for defense
Peer Review Comments: I am not sure that direct cost is a significant factor, given the challenges in accessing such documents.
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