Published 2nd February 2006, 3:20pm
The Portfolio of Finance and Economics recently appointed Mr. Terrence Outar to the post of Deputy Accountant General in the Treasury Department. Mr. Outar, who has 11 years of service with the Cayman Islands Government, moves across from the Cayman Islands Audit Office, where he was Deputy Auditor General. A Fellow of the Chartered Association of Certified Accountants, he is also a Certified Public Accountant. Prior to joining the Cayman Islands Government, Mr. Outar worked with Deloitte and Touche in Guyana and PricewaterhouseCoopers in Antigua. He has more than 15 years' audit and accounting experience in both the public and private sectors. "He is a good addition to the Treasury. Government departments need such qualified persons," said Financial Secretary Kenneth Jefferson. Mr. Outar said he looks forward to working with Treasury staff again, many of whom he met while examining the financial statements and conducting value for money audits of government. One of his main responsibilities after joining the civil service in 1995 was preparing government offices for introduction of the Financial Management Initiative (FMI), which sets standards for public service operations. "The FMI is quite challenging and demanding on all civil servants, and requires a higher level of commitment from all of us. The benefits of the FMI will demonstrate the value of services that civil servants carry out," he commented.