The General Auditing Commission today, November 19, 2007 began its first training session. After 1400 persons registered for the competitive evaluation test, 998 sat the test and 256 were successful. 187 were eligible for an interview to complete the first phase of the recruitment process. This was all done in efforts to build a credible GAC and the capacity of auditors to make them more functional in fighting fraud, waste and abuse and ensuring accountability and transparency.

The first Training Session, which is not limited to auditors at the General Auditing Commission, is also open to comptrollers, internal auditors and financial managers of public and private sectors within the Republic of Liberia. The Training Session is divided into two phases, morning and afternoon.

On November 26, 2007, The General Auditing Commission will begin its Transactional Audit (special financial audits as defined in Section 53.3 of the Executive Law of 1972) on revenue and voucher records and related financial reports of the Republic of Liberia. This Transactional Audit will cover the following fiscal periods:

July 1, 2005 through June 30, 2006

July 1, 2006 through June 30, 2007

The transactional audit will be conducted in accordance with INTOSAI’s (International Organization of Supreme Audit Institutions) Code of Ethics and Auditing Standards.

The Office of the Auditor General, as well as the General Auditing Commission, is critically aware of the President’s declaration of zero tolerance against unaccountability and her push to secure debt relief for Liberia through the HIPC (Heavily Indebted Poor Countries) program.

The second phase for interview of successful candidates will commence January 2008.

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