GAC says LWSC Audit is ongoing

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MONROVIA-The General Auditing Commission (GAC) wishes to clarify that the Auditor General has commissioned an audit of the Liberia Water and Sewer Corporation (LWSC) for three fiscal years covering the periods July 1, 2018 to June 30, 2021.

The audit was requested by the Office of the President of Liberia consistent with the GAC Act of 2014. The audit was officially commissioned by the Auditor General through facilitating an initial meeting with the LWSC’s Management on July 28, 2021 and subsequently issued an Audit Engagement Letter detailing the terms and conditions of the ongoing audit on August 12, 2021. The audit is expected to be concluded and a report issued to the National Legislature with a copy to the President by the end of November 2021, in line with the GAC Act of 2014.

A Release issued by the GAC on Wednesday said, In addition to the request for a comprehensive audit of the LWSC, the Office of the President also requested that the GAC audits the USD $99,000.00 (Ninety-Nine Thousand United States Dollars) transaction related to a service contract payment at LWSC. This audit will be conducted alongside the comprehensive audit. The GAC has requested information related to these transactions, specifying a deadline for submission of information by close of business on Thursday, August 18, 2021 to enable the Commission report on the transactions by next Friday, August 27, 2021.

The GAC therefore assures the public of its outmost commitment to demonstrate integrity, independence and professionalism during this audit and in all its functions for the promotion of transparency and accountability in the use of public funds.

We wish to use this medium to also inform the public that the Auditor General has commissioned the audits of thirty-four (34) other government institutions for a variation of fiscal periods.

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