The Liberia Maritime Authority (LiMA) has received an unqualified audit opinion from the General Auditing Commission (GAC) following the audit of the institution’s financial statements for the fiscal year ending December 31, 2024, marking another significant achievement in the authority’s commitment to transparency, accountability, and sound financial governance.
In the audit report, Auditor General, P. Garswa Jackson, stated, “The financial statements present fairly, in all material respects, the financial position of the Liberia Maritime Authority as at December 31, 2024, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards.”
The report further emphasized that the General Auditing Commission (GAC) obtained sufficient and appropriate audit evidence to provide a reliable basis for its opinion, underscoring the integrity and credibility of LiMA’s financial reporting systems and internal controls.
An unqualified opinion, widely regarded as the highest form of assurance an institution can receive from an external audit, indicates that the audited financial statements are free from material misstatements and are presented fairly in accordance with established accounting standards.
The achievement, according to a press release, highlights the Liberia Maritime Authority’s on-going efforts to strengthen institutional governance, improve financial management practices, and ensure prudent stewardship of public resources under the leadership of the Commissioner/CEO, Neto Zarzar Lighe Sr.
Speaking on the outcome of the audit, Cllr. Lighe described the result as a reflection of the hard work, professionalism, and dedication of the institution’s financial management team and staff.
“This unqualified opinion is a strong testament to our commitment to transparency, accountability, and responsible financial management,” Cllr. Lighe said. “We remain focused on maintaining high standards of fiscal discipline and institutional integrity while continuing to improve our operational and financial systems in line with international best practices.”
He further noted that the authority will continue to pursue reform and innovation, aimed at enhancing efficiency, strengthening compliance mechanisms, and promoting public confidence in the management of the maritime sector.
Over the years, the Liberia Maritime Authority has continued to implement measures designed to modernize its administrative and financial operations while supporting the Government of Liberia’s broader agenda for good governance and economic development.
The latest audit outcome adds to a growing list of institutional achievements recorded by LiMA in recent years, and reinforces the authority’s position as one of Liberia’s leading public institutions in financial accountability and performance management. The Liberia Maritime Authority (LiMA) said they remain committed to executing their mandate effectively while contributing to national development through responsible administration of Liberia’s maritime program and resources.
