MONROVIA – The Internal Audit Agency (IAA) has announced the commissioning of a Special Audit of the 2024 Inaugural activities managed by the Joint Presidential Transitional Team (JPTT).
Making the disclosure at a Press Conference on Wednesday in Monrovia, the Director General of the IAA, Hon. David Kemah, indicated that the Special Audit of the Inaugural activities is consistent with the mandate of the IAA to conduct special reviews of Government and donor-funded activities.
According to Hon. Kemah, the Special Audit is a routine assurance activity carried out across Ministries, Agencies, and Commissions (MACs) of the Government of Liberia with the goal of strengthening transparency and accountability of public resources.
The IAA’s boss further stated that the Ministry of Foreign Affairs has already been written to make available relevant source documents to enable the review of the financial and operational activities of the transition.
Hon. Kemah recounted that President Joseph Nyuma-Boakai strongly heralded transparency and accountability when he sought election to the nation’s highest seat; therefore, the Special Audit of the inauguration activities will clearly demonstrate the new government’s commitment to accountability in public governance.
Meanwhile, the Director General of the IAA highlighted the automation of internal audit processes in the public sector through the usage of audit software as a significant achievement in the last year.
He also named the launch of the Compliance Scorecard for public sector entities as a milestone achievement. The Scorecard is an evaluation of government institutions, focusing on ten (10) priority areas such as Payroll and Personnel management, Bank reconciliation, Procurement controls, Asset management, among other areas. The scores from said evaluation will inform the IAA’s audit concentration in various public sector entities in the current Fiscal Year.