Liberia: Gov’t Controllers, Accountants Urged on Timely Financial Reporting

Published at: 09/21/2022 - 08:57 / Updated at: 09/21/2022 - 09:00
PR
Article by Press Release

A three day event aimed to improve the efficiency of government’s controllers and accountants has ended in Kakata, Margibi County with participants urged to ensure timely financial reporting.

The training was part of ongoing efforts to sharpen the skills and knowledge of comptrollers and accountants for a sound financial reporting through the 2017 International Public Sector Accounting Standards across government ministries and agencies. 

The Ministry of Finance Development and Planning through the Department of Controllers and Accountant General organized the meeting with support from the African Development Bank IPMRP project.

It was held under the theme, “Ensuring Compliance in Reporting”.

Speaking at the training workshop, the Director for Accounting Treasury and Technical Services at the Ministry of Finance and Development Planning (MFDP), Dee D. Sandman, said government budget execution, and disbursement reports are key for financial reporting, adding that reporting on time by comptrollers is good and important.

“At the end of budget execution, and disbursement reports are key for financial reporting and if all the comptroller's report on time, it is good”, he told the participants.

According to Sandman, building the capacity of every quarter is about bringing efficiency, effectiveness, and timeliness in terms of how to report on what financial people have received for reporting purposes.

Speaking earlier, the Deputy Comptrollers and Accountant General Physical Audit, Atty. Steve Joe-Joe who proxies for the Controller General, Janga Kowo, said that building the capacity of comptrollers and accountants across spending entities will ensure that financial reports are delivered on time.

Meanwhile, The Public Financial Management(PFM) Law required all spending entities to submit their reports to the comptrollers and accountant general department office for consolidation before final submission to the General Auditing commission.