No Result
View All Result
Sunday, July 13, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Audit Bureau takes first east-west reunification steps

bySami Zaptia
July 24, 2018
Reading Time: 2 mins read
A A

By Sami Zaptia.

371-Audit Bureau Tripoli

London, 24 July 2018:

The Tripoli and Beyda-based branches of Libya’s politically split Audit Bureau announced that they had held their first joint meeting in the eastern city of Beida yesterday.

The once unified Audit Bureau headquartered in Tripoli had split after the 2014 Tripoli militia coup, reflecting the political split of the country. The Beida Audit Bureau had pledged its loyalty and was accountable to the House of Representatives based in Tobruk. The original Audit Bureau remained in Tripoli recognizing whichever government controlled Tripoli since 2014.

RELATED POSTS

Op-Ed: Reputational Damage Is Worse Than Losing Money

Joint statement by the embassies of France, Italy, Germany, UK and USA on the independence of Libya’s Audit Bureau

The Audit Bureau is a state oversight and monitoring entity of state finances, not an executive entity.  It is accountable to the legislature and not the executive as it is supposed to monitor the executive’s disbursement of state money.

Two committees from the respective branches met in Beida with the aim of ‘‘realizing effective financial oversight aimed at securing public finances and in order to unify the efforts of the Audit Bureau’’.

The press release said that the following six points were agreed of the first joint meeting:

  1. The assurance that the Audit Bureau is a single entity.
  2. The unification of the next (2018) Annual Report. Since the division of the body, each branch has released its own annual report. The annual reports are a very important oversight and anti-corruption record of how state finances were spent the previous year.
  3. The creation of a unified operational plan for 2019.
  4. The establishment of direct communications between the two branches and their various departments for the achievement of better and faster oversight.
  5. The creation of joint domestic and overseas inspection and audit committee (to oversee Libyan embassies and investment entities abroad etc).
  6. The suggestion of unifying the organizational chart of the two Audit Bureau branches.

 

It will be indicative to see if the two technical branches are indeed allowed by their divided political master to achieve unification, and if so, who would the reunified entity be accountable to as the internationally-recognized parliament, the House of Representatives in Tobruk, has no traction in Tripoli.

It will also be recalled that the current internationally-agreed political road map for Libya, the Libyan Political Agreement (LPA), calls for the reunification of all Libya’s sovereign state institutions.

The announcement of the meeting of the two split Audit Bureau branches comes at a time when the whole LPA seems to be under threat as two eastern members of the Presidency Council/Government of National Accord announced their withdrawal from the PC/GNA and the LPA.

At the end of the Beida meeting, it was agreed to hold the next meeting in the capital Tripoli.

 

https://www.libyaherald.com/2018/07/24/gatrani-and-majbri-announce-withdrawal-of-cyrenaica-from-lpa/

 

https://www.libyaherald.com/2018/07/19/pc-member-majbri-suspends-membership-from-gna-until-real-political-and-security-reform-is-implemented/

 

Tags: audit bureaufeatured

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

July 11, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba seeking long term partnership not interim solutions on combatting irregular migration

July 10, 2025
Acting Interior Minister Trabelsi taking steps to counter forged ID numbers and passports
Libya

There are 4 million irregular migrants in Libya: Interior Minister Trabelsi

July 10, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba: Militias have become criminal gangs and a state within the state

July 9, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Libyan Russian Economic Forum starts in St. Petersburg
Libya

Libyan Russian Economic Forum starts in St. Petersburg

June 27, 2025
Next Post
General Electric lands Euro 33 m ‘direct contract’ for electricity maintenance work

General Electric lands Euro 33 m ‘direct contract’ for electricity maintenance work

Italian Defence Minister Trenta affirms support on reconciliation, health and illegal migration

Italian Defence Minister Trenta affirms support on reconciliation, health and illegal migration

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Aldabaiba opens First Phase of Tripoli’s Third Ring Road

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.