Senate technicians investigating alleged irregularities in the privatization of the Dominican Electricity Corporation had been contracted by Union Fenosa for an appraisal and were also the "comisario de cuentas", the appointed company officer on the board of Union Fenosa operations in the DR. (unclear) The Senate claimed that the auditing firm of Ortega y Asociados did a crude appraisal that reduced the value of the assets. They attribute responsibility for this to Antonio Isa Conde, who was head of the Commission for the Reform of Public Enterprise. "When analyzing the accounting procedures of Ortega y Asociados we observe serious irregularities," says the Senate report. The report says that the firm did not apply generally accepted auditing procedures.
