The Puerto Rico Senate said Tuesday it would hold hearings on the cause of the delay on audited fiscal year 2014 financial statements for the commonwealth.
Most states release their statements six to 12 months after the fiscal year ends. Puerto Rico's fiscal year 2014 ended June 30, 2014.
The President of the Senate Treasury Committee, José Nadal Power, called the hearing. He said he will call the auditing firm KPMG and commonwealth's chief financial officer Melba Acosta Febo to testify.
Some in the U. S. Congress, which is weighing measures to help solve Puerto Rico's debt crisis, have also complained about the delay in the release of this statement. No more recent audited financial statements have been released, though Puerto Rico has issued unaudited financial information.
