Final Audit Report On GAC Submitted To National Legislature

gac(LINA) – Final audit report covering a period of six years on the General Auditing Commission (GAC), has been submitted to the National Legislature by the Kenyan Auditor General, Edward R.O. Ouko.

Highlights of the report, as presented to the Joint Public Account Expenditure and Audit Committee of the legislature at the Capitol on Tuesday, show major defaults in the GAC accounting system prompted by the unavailability of trial balance, and general ledgers, among other things, for a period of four years ranging from 2010-14.

The report also unveiled that the GAC financial statements during the four-year period were found to be non-compliant with international public sector standards, and that there were undisclosed and domicile banks accounts which evidently had transactions that were not included in the GAC’s bank balance.

Ouko also stated that there were uncertainty about the inclusion of transactions from accounts in the accounting records, as well as specific issues covering expenditure for training, procurement of furniture and equipment that were not properly documented.

He said that there was substantial funding from the European Union which were not properly documented or not captured in the GAC financial statement, and that there were no deduction or remittances of employees and employer contribution.

According to Ouko, this led to an accumulated liability for non-compliance which was estimated to over US$593,000, adding that in 2012, there was no supporting documentation for the procurement of certain vehicles, something which, according to him, was characterized as a problem year for the GAC.

The Kenyan Auditor General noted that most of the burden in the system is now been addressed by the current Auditor General of Liberia, Madam Yusador Gaye, which must be fully supported by the Legislature for the betterment of the GAC.

Ouko maintained that for the GAC to further do its job properly, the Legislature must ensure its independence, by avoiding interference and as well capacitating the Auditor General to work with employees who are independent.

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About Cholo Brooks 17424 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.