It could be recalled that President Julius Maada Bio on 9th July 2018 directed his Secretary to engage the Auditor General of the Audit Service Sierra Leone (ASSL) to consider a Special Audit of all Ministries, Departments and Agencies (MDAs) including the Sierra Leone Commercial Bank (SLCB) and Rokel Commercial Bank (RCB).
The President’s decision was made following the launch of the Government Transition Team (GTT) report on Wednesday 4th July 2018, which led the President to convene an emergency Cabinet meeting on Friday 6th July 2018 to discuss and adopt the Report as a basis for further action.
Additionally, the ASSL is also sanctioned to carry out technical audits of the agencies relating to telecommunications, energy, and revenue (NRA) as well as NASSIT, the Bank of Sierra Leone and the two state-owned commercial banks.
The audit scope in the Terms of Reference, according to the ASSL, may be amended if, in the Auditor’s judgment, additional steps are needed to meet the above objectives of the audit, upon agreement with the MOF, BSL, the International Monetary Fund (IMF), and the World Bank.
The Auditor must be an international forensic audit firm with significant proven experience in forensic investigations and auditing techniques. The audit will be led by a principal/engagement partner of the firm’s office located in a country other than Sierra Leone.