AUDITOR GENERAL'S REPORT ON THE FINANCIAL STATEMENT AUDIT OF THE GLOBAL PARTNERSHIP FOR EDUCATION – GETTING TO BEST PROJECT (GRANT NO.: G2BEP: P162089, GRANT NO. TF A7093) FOR THE PERIOD JULY 1, 2020 TO JUNE 30, 2021 DECEMBER 2021 P. GARSWA JACKSON SR., ACCA, CFIP, CFC AUDITOR GENERAL, R. L. Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 Table of Contents Opinion ................................................................................................................................... 2 Basis for Opinion ...................................................................................................................... 2 Management’s Responsibility..................................................................................................... 2 STATEMENT OF RECEIPTS AND PAYMENTS ............................................................................... 5 STATEMENT OF FUND BALANCE AND CASH STATUS .................................................................. 6 STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS ............................................ 7 STATEMENT OF FINANCIAL POSITION ...................................................................................... 8 NOTES TO FINANCIAL STATEMENTS ......................................................................................... 9 2 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 December 31, 2021 Prof. D. Ansu Sonii, Sr. Minister of Education Ministry of Education Ministerial Complex, Congo Town Monrovia, Liberia Dear Hon. Sonii: AUDITOR GENERAL'S REPORT ON THE FINANCIAL STATEMENT AUDIT OF GLOBAL PART- NERSHIP FOR EDUCATION – GETTING TO BEST PROJECT (GPE-G2B) FOR THE FISCAL PERIOD ENDED JUNE 30, 2021. Opinion We have audited the accompanying financial statements of the Global Partnership for Education – Getting to Best Project (GPE-G2B) for the fiscal period ended June 30, 2021, which comprise the Statement of Receipts and Payments, Statement of Comparison of Budget and Actual Amounts and a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying Statements (Grant No.: G2BEP: P162089, Grant No. TF A7093) present fairly in all material respects, the Statement of Receipts and Payments as at June 30, 2021, Statement of Comparison of Budget and Actual Amounts and a summary of other accounting policies and other explanatory notes for the fiscal period then ended in accordance with International Public Sector Accounting Standards (IPSAS) Cash Basis of Accounting. Basis for Opinion We conducted our audit in accordance with International Standards of Supreme Audit Institutions (ISSAIs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements Section of our report. We are independent of the entity in accordance with the Code of Ethics for Supreme Audit Institutions together with the ethical requirements that are relevant to our audit of the financial statements in accordance with the World Bank guideline and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management’s Responsibility Management is responsible for the preparation and fair presentation of the financial statements in accordance with IPSAS Cash Basis, and for such internal control as management determines is nec- essary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing its ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to cease operations, or has no realistic alternative but to do so. The GPE-G2B Management is responsible for overseeing the Project’s financial reporting process. 3 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 Auditor’s Responsibility Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISSAIs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Monrovia, Liberia December 2021 4 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 The notes on pages 9 to 15 are integral part of these project financial reports 5 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 The notes on pages 9 to 15 are integral part of these project financial reports 6 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 The notes on pages 9 to 15 are integral part of these project financial reports 7 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 The notes on pages 9 to 15 are integral part of these project financial reports 8 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 9 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 10 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 11 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 12 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 13 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 14 Promoting Accountability of Public Resources Auditor General’s Report on the Financial Statement Audit of The Global Partnership for Education – Getting to Best Project Financial Statements (GPE-G2B) For the Fiscal Period Ended June 30, 2021 Balance as at June 30, 2021 15 Promoting Accountability of Public Resources