A team of auditors from one of the governing bodies of Supreme Audit Institutions in Africa, the African Organization of English-speaking Supreme Audit Institution (AFROSAI-E), is in the Country as guest of the General Auditing Commission (GAC). The AFROSAI-E Peer Review Team comprising of four persons will stay in the country for week-long activities and will depart the country on Sunday, November 11, 2012.
AFROSAI-E Peer Review is a process used for checking the work performed by one another to ensure it meets specific criteria. Peer review is used in working groups for many professional occupations because it is thought that peers can identify errors quickly and easily; speeding up the time that it takes for mistakes to be identified and corrected.
SAI Liberia as other SAIs across the world is a member of International Organization of Supreme Audit Institutions (INTOSAI), African Organization of Supreme Audit Institutions (AFROSAI) and African Organisation of Supreme Audit Institutions in English- speaking countries.
From 6th November to 9th November 2012, the team from AFROSAI-E Peer Review will be at SAI Liberia evaluating the performance based on AFROSAI-E requirements. The aim of the evaluation exercise is to see if SAI Liberia, as a member of INTOSAI, AFROSAI and AFROSAI-E complies with international requirements as well as evaluate the credibility of audits performed.
While in the country, the team will conduct a four-day Peer Review of the Commission. The team headed by Deputy Auditor General of Sierra Leone, Mr. Abdul Aziz is here to carry on Peer Review of Liberia Supreme Audit Institution (SAI), and performance-based appraisal in accordance with the Framework of INTOSAI’s Standards and Guidelines on International Standards of Supreme Audit Institutions (ISSAI).
The team members comprise of Mr. Trygue Christiansen of the AFROSAI-E Secretariat headquartered in South Africa and Ms. Lise Margrette Hansen of the Office of the Auditor General of Norway both of whom will serve as Institutional Review Auditors, while the Deputy Auditor General of Sierra Leone, Mr. Abdul Aziz and Mr. Abednego Agorhom will serve on the Regularity Audit Review.
The peer review, when conducted and completed, will give an insight of the level in which the General Auditing Commission will find itself. The International Standards of Supreme Audit Institutions (ISSAI)grade level ranges from level one to five and currently, the Commission sits at level two. With the successful completion of this Peer Review, recommendations will be made as to whether the GAC remains at level two or it should be moved to the next level.
Chapter 53 of the Executive Law of 1972, which was amended on June 16, 2005, gives the GAC an autonomous status, thereby making it independent and reports directly to the National Legislature. Thus, the General Auditing Commission automatically became a member of all governing Supreme Audit Institutions in Africa and the World at-large.
Since the admission of the new GAC into the organization of the AFORSAI-E, this is the first time that a peer review is being conduct for the purpose of performance-based appraisal at the Commission.