The National Legislature has appealed to the European Union (EU) for support to ensure that the auditing laws of Liberia are reformed to meet with the current global reality of audits.
According to the Speaker of the House of Representatives, Dr. Bhofal Chambers, addressing auditing recommendations and public hearings can put Liberia on the right track of effective financial management system.
Speaker Chambers made the appeal Wednesday at a one-day General Auditing Commission (GAC) and Stakeholders Consultative Conference with the 54th National Legislature held at local hotel in Congo Town outside Monrovia.
He suggested that European partners should go beyond the current assistances in order to foster Liberia’s development drive.
He noted that billions of dollars in aid fo4 for country is just not enough for infrastructural development such as Liberia, noting that building of roads, constructing schools and the payment of people on the jobs are not sufficient.
Speaker Chambers asserted that a country like Norway has a sea shore of coastal lines and she gets 8.8 million dollars from fishing, but can the EU help Liberia to meet that standard as Liberia has coastal line to get such amount from fishing.
He pointed out that Germany also gets about 170 billion Euros from its logging sector and the employment in the sector is 1.2million people, noting that if Liberia’s logging sector can be enhanced, it will go a long way to improve living standards of the people.
He stressed that the assistances from the EU are laudable and hoped that they can help Liberia to strengthen its laws to ensure that the natural resources of the country benefit the people.
Speaker Chambers added that Liberia needs to do better in order for its natural resources such as the forest, coastal lines and minerals to be transformed to boost the development of the nation.
The Consultative Conference was held under the theme “The execution of audit recommendations and threats in delay of conducting public hearing of audit reports,” which brought together members of the Legislature and civil society organizations.