New Liberia Magazine the subsequent resignation of a Deputy Governor, but more importantly, the crafting of greater policy reforms currently aided by the International Mone tary Fund.
The Government of Liberia Consolidat ed Fund Financial Statement Audit for Fiscal Year 2023 – highlighted a number of significant findings constituting significant risks of money laundering and corruption: Transferring excess off- budgetary revenue over US$96.1 million, particularly to the National Security Agency, the Ministry of Finance, and the Financial Intelligence Agency. These trans fers were not supported by documentation, and the subsequent expenditures were undisclosed as report ed. Other significant findings included: undisclosed external borrowings amounted to US$214.53 million without evidence of subsequent usage, undisclosed illegitimate borrowing from the Central Bank in ex cess of US$ 18.9 million, and expenditures without supporting documents in excess of US$4.2 million. Documentation constituting subsequent usage of all of these expenditures was not made available for audit purposes as reported.
The Audit of the Executive Protection Agen cy Fiscal Years: 2018-2023 – highlighted significant off-budgetary transfers and subsequent expendi tures in excess of US$12.1 million. These transfers and subsequent expenditures were undisclosed in the financial statements and not supported by the required documentation. There were also several expenditures and bank transfers without supporting documentation for the audited fiscal periods in ex cess of US$24.7 million and US$3.8 million, respec tively.
The Special Compliance Audit of the Liberia Telecommunication Authority for Fiscal Year 2023 – highlighted significant unremitted revenue to the Consolidated Fund Accounts of the Government of Liberia amounting to US$3.8 million. It was also reported that the unremitted funds were not seen in the bank statements and had been subjected to mis application and misappropriation. There were also significant procurement irregularities, unremitted withholding taxes in excess of US$1.8 million, and unsupported expenditures in excess of US$450,000 without the required supporting documentation.
Unprecedented Audits of the Office of the President, the Judiciary & Office of the Chief Justice, and the House of Senate of the Liberian Legisla ture/ Parliament – These were systems audits that highlighted significant internal control weaknesses, non-compliance with the public financial manage ment and procurement laws and regulations, signif icant off-budgetary expenditures and bank transfers and expenditures without the required supporting documentation. Most importantly, the system re views have led to ongoing financial management reform activities at these entities, with the plan to have these institutions regularly audited on a period ic basis.
Over the past two years, other major audit reports issued by Auditor General Jackson include:
The Civil Service National Payroll Compli ance Audit (2022) – highlighted instances of unver ified employees amounting to 9,297 amounting to the risk of ghost employees, significant discretionary allocation of salaries noncompliant with the national pay-grade, significant instances of shared bank ac counts for individuals across various entities, mobile money disbursement discrepancies, unauthorized adjustments to the payroll, inadequate/ nonexistent identification for employees, over-aged employees due for retirement, and cases of suspected imperson ation. The compliance audit was the first compre hensive national payroll audit performed in Liberia, and the implementation of the significant recom mendations has given rise to ongoing rigorous civil service payroll reform in Liberia.
The Domestic Debt Compliance Audit (2023) – was necessitated due to the significant and alarm ing rise in the domestic debt portfolio of Liberia. The audit resulted in the disqualification of domestic debt claims in excess of US$748.2 million. Other significant findings reported included: unbudgeted domestic debt payments, inadequate domestic debt recording and reporting, and significant domestic debt payments without supporting documents. Some of the key recommendations included: creating a statute of limitation for domestic debt, aligning of debt portfolio to a percentage of GDP per Capita, measures to facilitate adequate recording and report ing of domestic debt, disbursement of domestic debt within the approved budget, and movement to a more appropriate automated domestic debt manage ment system.
Performance Audit on the Procurement & Distribution of Medical Supplies – highlighted that due to significant delay in finalizing procurement activities and other procurement irregularities, the original contract price of medication rose from US$745,486.66 to US$2,040,620.07. Other irregu larities reported included late distribution of medi cal supplies at medical facilities, inconsistencies in medication ordered and medication received, medi cation expired for two years seen on the shelves, and limited medical supplies observed at medical facili ties visited. The former United States Ambassador
New Liberia Magazine