Monrovia – A report by the General Auditing Commission (GAC) has uncovered several financial discrepancies at the Liberia Institute for Public Administration (LIPA). This account mentioned in the audit report was obtained directly from the bank through the GAC confirmation procedure. The report also accused LIPA management of failing to address the inaccuracies between its bank reconciliation statements and its cash book. It was observed during the conduct of the audit that the LIPA management wrote and issued checks to vendors out of numerical sequence. Further, there was no evidence that checks written out of sequence were canceled and/or voided by the LIPA management.

Source: Front Page Africa March 30, 2018 02:26 UTC