General News
AFROSAI-E Peer Review Team Visits GAC
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- Published on Thursday, 08 November 2012 07:16
- Written by The NEWS
A team of auditors from the African Organization of English-speaking Supreme Audit Institution (AFROSAI-E) is in Liberia as guest of the General Auditing Commission (GAC).
According to a release, the AFROSAI-E Peer Review four-man team is on a week-long visit.
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 in that, peers can identify errors quickly and easily; speeding up the time it takes for mistakes to be identified and corrected. The release indicated that from November 6-9, 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 ensure that 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 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.
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 conducted for the purpose of performance-based appraisal at the Commission.
