Liberia: Auditors - Liberia Can't Account for Hundreds of Millions in Tax Revenue

Liberia: Auditors - Liberia Can't Account for Hundreds of Millions in Tax Revenue

MONROVIA -- Liberia's national tax revenue system is riddled with hundreds of millions of dollars in unreconciled transactions, unauthorized bank withdrawals, fraudulent reversals, and systemic record-keeping failures spanning more than six years, according to a scathing audit report released by the General Auditing Commission in April.

GAC AUDIT REPORTEDLY UNCOVERS US$5.2 MILLION IN FINANCIAL IRREGULARITIES AT GRAND BASSA COUNTY AUTHORITY

By Our Reporter | Smart News Liberia MONROVIA – A newly published audit report by the General Auditing Commission has reportedly uncovered significant financial irregularities involving the Grand Bassa County Authority, with auditors questioning the accountability of more than US$5.2 million and L$149 million during fiscal periods covering 2018 through 2023. The findings are expected to intensify public debate over financial governance and trans…

Massive Financial Discrepancies Uncovered in Scathing Audit of Liberia’s Tax System - Global News Network Liberia

By James T. Brooks MONROVIA — A comprehensive audit by the General Auditing Commission (GAC) has exposed a national revenue system plagued by hundreds of millions of dollars in unreconciled transactions, unauthorized withdrawals, and systemic record-keeping failures spanning more than six years. The report, signed by Auditor General P. Garswa Jackson Sr. and submitted to the Legislature, provides a damning assessment of the government’s manageme…