Monrovia – The Acting Director General of the Bureau of State Enterprises (BSE), Mr. Varlee F. Sanor, has formally commissioned the Internal Audit Agency (IAA) to conduct a full-scale audit of the institution.
The Bureau of State Enterprises serves as the government’s oversight agency responsible for monitoring and ensuring the financial sustainability of more than 20 state-owned enterprises (SOEs) operating across key sectors such as energy, transport, telecommunications, and agriculture.
The newly launched audit will examine the Bureau’s financial records, evaluate its operational efficiency, and assess compliance with public sector regulations.
According to Mr. Sanor, the exercise is a necessary step toward restoring public trust and reforming the institution’s internal systems.
“Transparency and accountability are the cornerstones of effective governance,” said Mr. Sanor. “This audit will not only identify areas for improvement but also set a new standard for integrity within the institution.”
The audit follows persistent concerns over inefficiencies and poor reporting practices among Liberia’s SOEs. By engaging the Internal Audit Agency—an independent body mandated to ensure fiscal discipline in government institutions—BSE is signaling its readiness to break with the past and usher in a culture of openness and good governance.
Once completed, the findings from the audit are expected to inform a series of reforms within the Bureau. Mr. Sanor has assured that recommendations from the IAA will be implemented, and stressed that the exercise is not punitive, but rather a constructive effort to rebuild institutional credibility.
He also called on all BSE employees to cooperate fully with the audit team to ensure a smooth and successful process.
“This is about institutional strengthening, not punishment. We want to work together to create a more transparent and accountable environment for the Bureau and the SOEs we supervise,” Sanor added.
The Internal Audit Agency, known for its independence and professionalism, is expected to produce a credible and objective report. Its findings will likely form the basis for a broad restructuring at the Bureau of State Enterprises, aligning with national efforts to curb mismanagement and promote fiscal responsibility across the public sector.
