New Liberia Magazine
Deputy AG/Special & SOE Audits
Hon. Cecil Dole, Deputy Auditor General State-Owned Enterprises and Special Audits
CHe was appointed by the President of the ecil Dole is the Deputy Auditor General for State-Owned Enterprises and Special Audits.
Republic of Liberia on June 30, 2022. He is a mem ber of the Association of Chartered Certified Ac countants and a member of the Liberian Institute of Certified Public Accountants. He holds a Bachelor’s
Degree in Business with an emphasis in Account ing (Honors) from the Don Bosco Polytechnic, now Stella Maris Polytechnic, and a Master of Business Administration in Finance from the Central Univer sity in Accra, Ghana. He later served as a lecturer at the Arthur Barclay Business College of Stella Maris Polytechnic University.
Cecil began his career as an intern at VOSCON Inc. – CPAs, now Baker Tilly Liberia. He later joined the Audit Department, specifically the unit responsi ble for clients within the following sectors: Financial Services, Energy, Natural Resources, and Govern ment with KPMG Ghana. He returned to Liberia where he was employed in the Assurance Unit with PricewaterhouseCoopers Liberia. In addition, he worked at the Internal Audit Agency as Sector Direc tor responsible for Special Projects. Before, joining the GAC, Cecil served as Deputy Director of Finance at the Central Bank of Liberia, where he was respon sible for the daily tasks of supervising a staff of the Financial Reporting, Budgeting, and Payroll units.
TRACKING, COMPLETING THE AUDITS
Mr. P. Garswa Jackson has been Auditor General for three years and has issued reports from about two hundred twenty-nine (229) audits constituting significant findings to the Liberian Parliament and published the same on his institution’s website, the General Auditing Commission of Liberia (the Su preme Audit Institution of Liberia). Most of these reports have led to significant reform initiatives on the Liberian public sector landscape.
In 2024, he has published reports from about sixty-two (62) audits and is working on concluding several others. Some of the major reports and key findings from these reports are summarized below:
Compliance Audit of the Central Bank of Liberia- highlighted a number of policy weak nesses that led to US$178,332,760 and Liberian Dollars L$1,946,289,025.97 (equivalent to about US$10,189,994.90) being withdrawn from gov ernment entity accounts and disbursed in cash to individuals over the counter (between US$500,000 - US$3,000,000), noncompliant to the Public Fi nancial Management Act and thereby constituting significant risks of money laundering. The audit also revealed illegal and off-budgetary borrowings from the Central Bank of Liberia to the Government of Liberia amounting to about US$83 million for Fiscal Year 2023 and over US$381.4 million for the previous five fiscal periods for undisclosed expendi tures. Other major findings included off-budgetary expenditures in excess of US$19 million within five years, procurement irregularities in excess of US$12 million, unbudgeted Corporate Social Responsibility Expenditures in excess of US$1 million, and expen ditures without supporting documents in excess of US$781 thousand. These significant findings were reported by the Auditor General even though the audit was initially resisted by the Central Bank, attempted to use Parliament to abolish the audit and did not make available most financial records for audit purposes. The gravity of these findings led to the indefinite suspension of the Bank Governor and
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