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Country:  Liberia

Sector:  Utility/Infrastructure

Service:  Accounting

Year:  2012 - 2013

Project:  Corporate and Operational Audit


Project Description: LWSC was created by an Act to amend the Public Utilities Law in 1973. The Corporation is empowered to construct, install, establish, operate, manage and supply to all parts of Liberia, safe drinking water and perform all sewerage services, as well as to maintain such water and sewerage facilities.


IBS Management and Consultancy Services (IBS) in partnership with Global Business Solution were engaged in conducting a Corporate Audit of the Liberia Water and Sewer Corporation. This audit encompassed a management assessment of the financial, human resources, operations and infrastructure capabilities of the utility. The audit was performed as a condition for receiving a $36 million International Development Association grant for funding certain emergency infrastructure projects. The audit was conducted in accordance with agreed-upon- procedures attestation engagement standards contained in generally accepted Government Auditing Standards (GAGAS), issued by the Comptroller General of the United States (the "Yellow Book") and applicable sections of the OIG's Audit Manual, and the Inspector general Act  of  1978.    Among  other  activities,  we  (1)  conducted  financial  assessments  of  grant applicant’s financial management systems; (2) conducted ad hoc studies and reviews of the operations of existing water and sewer systems; and (3) reviewed external audits of grant applicant and follow up on resolution to all audit findings. Our approach to these assessments included searching and obtaining grant applicant’s data from the following data sources:


  • International Development Association
  • Organization’s Financial Statements
  • Organization’s Policies and Procedures
  • Indirect Cost Rate
  • Prior Grant applications and awards
  • Payment Management System Reports
  • Various Internet Sites
  • Other Documentation, as appropriate and necessary



541611 Admin Mgmt. & Gen. Mgmt. Consulting Services

541990 All Other Professional, Scientific & Technical Services

541211 Certified Public Accountants

541219 Other Accounting Services

541618 Other Mgmt. Consulting Services

541690 Other Scientific & Technical Consulting Services

561110 Office Admin Services

561499 All Other Bus. Support Services

611430 Prof. & Mgmt. Dev. Training


Certified Small Disadvantaged Business (SBA-8a, DC, MD, VA, PA and NJ)

SBA 8(a) -  Program Code/Case Number is 307466.

Certified Minority Business Enterprise

CAGE : 6VUR3; DUNS: 078664340

GSA Contract Number: GS-00F-327GA


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Washington, DC 20006

Tel: 202-609-8830


13201 14th Street

Bowie, MD  20715

Tel: 301-379-2196

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