Monrovia, Liberia — In a major step toward strengthening fiscal transparency and accountability, the House of Representatives has granted approval for the General Auditing Commission (GAC) to conduct a comprehensive System Review of its financial management systems and processes.
The approval was given during the House’s plenary session on Thursday, October 16, 2025, signaling the Legislature’s intent to enhance internal controls and ensure greater fiscal responsibility.
According to the GAC, the review will be carried out under the authority of the Auditor General, as provided in Section 2.1.3 of the GAC Act of 2014, and will cover the period from January 1, 2022, to December 31, 2024.
Review to Strengthen Oversight and Transparency
The system review will assess the House’s current financial practices and recommend improvements to guide future audits. It will examine several key operational areas, including:
- Administration: Review of personnel management, maintenance protocols, and payroll systems.
- Financial Management: Evaluation of accounting policies, budgeting procedures, and reporting standards to ensure compliance and efficiency.
- Procurement Practices: Examination of procurement processes to confirm adherence to laws and best practices.
- Liabilities and Receivables: Analysis of debt and receivable management to ensure sound fiscal practices.
- Internal Controls: Assessment of the internal audit process and risk management framework.
- Asset Management: Verification of the reliability of the asset register and asset control systems.
- Banking Transactions: Review of the integrity of reconciliations and financial recordkeeping.
In addition, the GAC will reconcile financial transactions between the House of Representatives and the Ministry of Finance and Development Planning (MFDP), as well as cross-check any expenditures involving donor funds.
GAC Underscores Need for Accountability
In a letter to Speaker Richard Nagbe Koon, the GAC stressed that the review is crucial for ensuring the Legislature’s financial management systems are “robust, transparent, and audit-ready.” The Commission said the initiative will not only enhance accountability but also improve overall operational effectiveness.
“The exercise will evaluate the House’s supporting documents, organizational structure, management reports, and computerized financial systems,” the letter noted, describing the review as a vital precursor to a full audit.
Commitment to Fiscal Integrity
Lawmakers say the move demonstrates the Legislature’s commitment to fiscal discipline and public accountability — values central to good governance and public trust.
Observers believe the GAC’s engagement could set a new benchmark for financial stewardship across Liberia’s public sector if implemented effectively.
As the review begins, the House of Representatives and the General Auditing Commission are expected to collaborate closely to ensure timely and transparent completion of the process. The outcome is expected to shape future reforms in the management of public funds and resources.
