8 January 2013

Liberia: GAC Ready to Audit NEC, CBL

The General Auditing Commission (GAC) says it is now ready to audit the National Elections Commission (NEC) following the conduct of two successive elections by the Commission. GAC has at the same time stressed the need to conduct an audit of the Central Bank of Liberia (CBL) as part of its responsibilities to audit financial institutions in the country.

Speaking on Monday at the formal welcoming ceremony for its Kenyan students held at the Executive Pavilion in Monrovia, The Auditor General of Liberia, Robert Kilby said the NEC has operated for six years now without any audit of its activities.

Auditor General Kilby said it is now time for the Commission to be audited to know its financial activities after six years of operations in the country. He also said the reconciliation process of LEITI will be done soon by the GAC. GAC also stressed the need for the Central Bank to be audited in accordance with its mandate and functions.

At the same time, the General Auditing Commission has introduced three additional departments for the effectiveness of the Commission. According to Mr. Kilby, the three departments will enhance the work of the GAC as it strives to bring about financial accountability in the country.

The three departments include the E-library Platform, E-Audit Flow Development and the Internal Control Auditor. Mr. Kilby said through these new projects the Commission will submit its report to the Legislature through electronic means and to collect data on audit through the electronic platform.

Meanwhile, several staff of the GAC have returned to the country following two years of studies in various financial disciplines at the University of Nairobi in Kenya.

The graduates who returned to the country recently led by the head of delegation, Moses Kowo have expressed gratitude to the GAC for affording them the opportunity to pursue higher education in that foreign country.

According to Mr. Kowo, 33 Liberian students attended the University of Nairobi with 20 of them obtaining degrees in finance, Procurement, strategic financial management and other field of studies. He assured the GAC family that they are back in the country to be part of the team that will move the Commission forward and not to take over the institution.

The graduates presented a trophy to AG Kilby which was given to them by the Executive Director of PMCS in Kenya following the completion of their studies.

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