Newspaper article The Canadian Press

--Atlantic Update-

Newspaper article The Canadian Press

--Atlantic Update-

Article excerpt

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(NS-Auditor-Financial)

Nova Scotia Auditor General Michael Pickup says the province needs to fix gaps in fraud risk management to help prevent the theft of taxpayers' money.

Pickup's report says 88 per cent of public organizations in the province have not completed fraud risks assessments -- including Atlantic Canada's largest children's hospital.

Tracy Kitch left her post at the I-W-K Health Centre in Halifax after an independent review said she owed thousands of dollars for "potentially personal" expenses charged to her corporate credit card.

Pickup's report says his office found significant weaknesses in financial controls at the hospital and says what it describes as "discrepancies" in Kitch's spending are an "opportunity for learning." (The Canadian Press)

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(NS-Auditor-Financial)

Nova Scotia's auditor general is warning the provincial teachers' pension plan is in bad shape.

Michael Pickup says the pension plan is currently funded at just under 78 per cent -- roughly the same as it has been for the past four years.

He says he's troubled that the plan has a 1.4-billion dollar deficit, which he says is a risk for current retirees and those in the future.

Pickup adds there is no clear plan how to deal with the deficit and is calling on both the provincial government and teachers to work together to develop one. (The Canadian Press)

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(NS-Marital-Property)

The Law Reform Commission of Nova Scotia has released a report recommending a major overhaul of the province's 37-year-old Matrimonial Property Act.

The commission's 293-page report offers 130 recommendations to change the regulations governing the distribution of assets of married couples when they split up -- including changing the name to the Family Property Act.

Key recommendations include extending the 50-50 property division rule to common-law partners who've been together for at least two years and excluding pre-marriage property from the division of matrimonial assets. …

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