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              Ghana: Prime Minister Shri Narendra Modi addresses the Parliament of Ghana

              Ghana: Prime Minister Shri Narendra Modi addresses the Parliament of Ghana

              Ghana: Mahama swears in 7 new Supreme Court Justices

              Ghana: Mahama swears in 7 new Supreme Court Justices

              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

              Kampala Road Works: Kigenyi urges safety, order

              Kampala Road Works: Kigenyi urges safety, order

              Trending Tags

              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

                • DIGITAL ECONOMY
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                  Tanzania signs deal with Cuban firm to enlarge TBPL

                  Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                  Namibia: President Nandi-Ndaitwah unveils new cabinet

                  Kenya: Ministry of Health outlines SHA compliance measures

                  Kenya: Ministry of Health outlines SHA compliance measures

                  South Africa: Durban Port to expand vehicle terminal

                  South Africa: Durban Port to expand vehicle terminal

                  Botswana, Türkiye aim for stronger ties

                  Botswana, Türkiye aim for stronger ties

                  Nigeria to host 2025 Afreximbank annual meetings

                  Nigeria to host 2025 Afreximbank annual meetings

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

                  Mahama reaffirms commitment to economic stability

                  Mahama reaffirms commitment to economic stability

                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

                  Trending Tags

                  • INTERVIEW
                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

                    White House Welcomes Kenya William Ruto for First African State Visit

                    White House Welcomes Kenya William Ruto for First African State Visit

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Ghana’s registra department: driving digitization for effecient services

                    Ghana’s registrar department: driving digitization for efficient services

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Trending Tags

                    • EVENTS
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                      Ghana: Vice President Bawumia launches Credit Scoring System

                      Ghana: Vice President Bawumia launches Credit Scoring System

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

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                      House of Representative Liberia Endorses GAC Audit

                      Public Sector Global by Public Sector Global
                      April 23, 2024
                      in NEWS
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                      House of Representative Liberia Endorses GAC Audit
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                      The House of Representatives has approved an audit by the General Auditing Committee (GAC) in a move to enhance accountability and transparency. This decision, led by Cllr. J. Fonati Koffa’s leadership, marks the first audit of the House in over 67 years since the construction of the Capitol Building.

                      The audit aims to ensure compliance with legislative directives and policies, enabling the government’s First Branch to control public funds as mandated by the law, starting from the 55th Legislature on January 15, 2024.

                      In response to the House’s request for an audit in February, Auditor General Garswa Jackson Sr. appeared before the session in March, leading to the issuance of a Letter of Engagement. The GAC’s objectives for the audit encompass evaluating the House’s financial management systems and processes for alignment with legislative decisions, laws, and established guidelines.

                      The objectives of the review are: “To provide the intended user(s) with information on whether the House of Representatives Financial Management System and Processes are adequately designed and consistent with legislative decisions, laws, legislative acts, policies, established codes, and agreed upon terms; To gather sufficient and appropriate evidence whether the House of Representatives Financial Management System and Processes are adequately designed and in line with relevant legislative decisions, laws, legislative acts, policies, established codes and agreed upon terms,” AG Jackson said.

                      The AG highlighted a commitment to reporting findings following the GAC Act of 2014, ensuring transparency to the National Legislature.

                      “To report in terms of the GAC reporting requirements as spelled out in part four (4) of the GAC Act of 2014, the findings to the National Legislature. The review will be conducted to issue a limited assurance report on the Financial Management System and Processes of the House of Representatives.”

                      The GAC will undertake a System Review focusing on various areas such as administration, financial management, procurement practices, and asset management within the House of Representatives.

                      Accordingly, the GAC will undertake a System Review of the Financial Management System and processes of the House of Representatives. The system review will be undertaken under the mandate of the Auditor General (AG) as provided for in Section 2.1.3 of the GAC Act of 2014.

                      “This System Review is a limited assurance engagement rendered to assess the Financial Management System and Processes of the House of Representatives to provide recommendations for improvement, thereby setting the stage for an audit,” AG Jackson said.

                      The system review, which covers the current financial management system and processes in place at the House of Representatives, will focus on, but not be limited, to the following areas: Administration, including personnel management; maintenance, and payroll; Financial management, including accounting policy, budgeting, financial accounting, and reporting; Procurement practices; Liabilities management; Receivables management; Internal control and systems, including internal audit; Asset management, including effective and reliable assets, register system; Banking transactions, including reconciliations and record keeping.”

                      The audit will adhere to international audit standards and regulatory frameworks, aiming to provide recommendations for system enhancements and provide a foundation for future comprehensive audits.

                      The approach to be used for our system review engagement is derived from the International Standards for Supreme Audit Institutions (ISSAI) 100 and International Standard on Assurance Engagements ISAE 3000 (Revised), the GAC said. Other than Audits or Reviews of Historical Financial Information and from legislative decisions, laws, legislative acts, policies, and established codes such as the PFM Act and Regulations, PCC Act and Regulations, Civil Service Standing Order, Decent Work Act – 2015, Committee of Sponsoring Organizations of the Treadway Commission (COSO), Control Objectives for Information and Related Technologies (COBIT 2019), and Policies & Procedures identified as criteria relevant to evaluation.

                      “These standards require that we comply with ethical requirements and plan and perform procedures that convey, through a written report, either a reasonable assurance or a limited assurance conclusion.

                      The House, through the Speaker, has acknowledged and agreed to the GAC’s terms by signing the necessary documentation, setting the stage for the commencement of the audit process, details of which will be announced by the GAC. The House signed the three (3) original copies of the agreement, returning two (2) original copies.

                      The focus person of the House of Representatives, Margibi County District #5 Representative, and Chairman on Public Account and Expenditure, Clarence Garr, and the GAC have concluded modalities on the kickoff of the GAC’s system audit of which the day is to be announced by GAC.

                      Tags: House of Representative Liberia Endorses GAC Audit
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