Section 2.1.3 of the GAC Act establishes the duties of the Auditor General, stating that the Auditor General shall be responsible for auditing the public accounts and public funds of Liberia. The section also grants the Auditor General the authority to determine the scope, timing, and type of audits to be conducted, emphasizing the independence of the Auditor General in performing operational duties. The contention arises from whether the Central Bank’s operations fall within the purview of “public accounts” or “public funds” as defined by the Act. The debate underscores the need for clarity in interpreting the mandate of the GAC and delineating the boundaries of its audit authority vis-à-vis the operations of entities like the Central Bank. Acting Under AuthorityAlso Section 5.5 of the GAC Act outlines stringent criteria for accepting external requests for audit.

Source: Front Page Africa February 27, 2024 00:23 UTC