The GAC recommendationsThe General Auditing Commission wants the ECOC headed by Madam Mary Broh to ensure that a centralized financial management system and control is established to manage the accounting for the fund. All ministries and agencies receiving funding for the containment of COVID-19 should establish a separate accounting and reporting system for the COVID-19 funds. Will they be held accountable for reporting and audit purposes?” the Auditor General, Madam Yusador Gaye questioned in her communication to the Ministry of Finance and Development planning. The GAC recommended that the Ministry of Finance rather set out a clear guidelines and reporting requirements on the COVID-19 funding; and monitor and evaluate the outcome. Lessons from EbolaThe Ebola-related audits of Liberia documented substantial waste and abuse of funds, and pointed to key lessons learned for the COVID-19 crisis.

Source: Front Page Africa May 26, 2020 01:09 UTC