Three audit firms bid to restructure Atraco

KIGALI - Three auditing firms have put in their bids to restructure the commuter transport association, Atraco. Speaking to The New Times yesterday, the association’s president, Col. (Rtd) Ludovic Twahirwa alias Dodo, revealed that, Earnest & Young, Deloitte and Cornerstone firms have shown interest in taking up the job. The move to undergo restructuring was a recommendation of an adhoc committee established after allegations of mismanagement of the association raised by some members during the President’s visit to Nyabugogo Taxi Park two months ago. Dodo revealed that the three firms have already presented their proposals on the restructuring of the association.“We have been meeting experts from the three consultancy firms and they presented their proposals on Monday,” said Dodo. He added that the three companies were given one week to fully prepare the pricing and there after the best firm will be selected. The consultancy firm will be recruited by the committee to work on the restructuring and evaluating the association’s assets and liabilities. The association has 1,684 members and has in the past been marred by counter-accusations between members and the leadership. According to the committee, a census of the actual members of the association will also be carried out. This will facilitate the distribution of assets and liabilities after the transformation of ATRACO into a profit making entity. Ends

National

Three audit firms bid to restructure Atraco