Support to the General Auditing Commission ( GAC) – 11th EDF
Financing Agreement No.: LR/FED/037-672
Financing Agreement Title: Support to the General Auditing Commission
Over All Objective: The main objective of this project is to assist in the process of improving accountability and transparency in the management of public resources in Liberia providing assurance to citizens and the legislature that public money has been properly and wisely spent thereby ultimately contribution to poverty reduction.
Specific Objective:
To assist the GAC in its efforts of becoming a modern, credible and independent Supreme Audit Institution as defined in INTOSAI standards and AFROSAI guidelines by supporting GAC to comply with the provisions in the GAC Act. 2014 improve the quality and impact of its public external audit and its key management and administration functions.
Duration of the Contract: 48 months
Indicative Budget: EU’s Contribution- EUR 5,000,000
Indicative third party contribution amount in EUR – 70,000
Date: December 13, 2016
List of Results under the Service Contract:
Result 1.1: The provisions of the GAC Act 2014 are implemented
Result 1.2: GAC’s management capabilities are strengthened
Result 2.1 Services to the legislature and the public Accounts Committee (PAC) are improved
Result 2.2 GAC’s profile with stakeholders is improved
Result 2.3 Relationships with auditees are improved
List of Results under the GAC’s Programme Estimate:
Result 1.3 GAC’s audit capabilities are improved
Result 1.4 Office infrastructure is improved to meet the requirements of a modern SAI
Result 2.1 Services to the legislature and the Public Accounts and Audit Committee (PAAC) are improved
Result 2.2 GAC’s profile with stakeholders is improved
Result 2.3 Relationship with auditees are improved
