Public Financial Management Unit (PFMU): is tasked with providing centralized financial management functions for donor-funded projects in Liberia. The Unit receives payment requests from the Project Implementation Units (PIUs) and processes those payments on behalf of the implementation units.

The PFMU primarily carry out disbursement of donors funds in accordance with donor procedures and report accordingly

Mobile Money Unit (MMU): is responsible for digital money storage, payments, and transfers of the government. The unit creates awareness and enrollment for civil servants and presidential appointees on the GoL mobile money platform.

The unit intends to drive the Liberian economy from cash-based to a cashless economy using the mobile money platform.

Technical Services Unit (TSU): is responsible for advising the CAG on all technical fiscal related matters, provides training, and assigned comptrollers across line ministries and agencies. The unit also ensures GoL compliance with the implementation of the Treasury Single Account Reform and advises on GoL’s liquidity position.

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The Comptroller and Accountant General’s Department (CAGD) was established in March 2020 with the passage of the Amended and Restated PFM Act (2019), which was signed by the President of the Republic, His Excellency Dr. George Manneh Weah. This critical reform, which has been in the making for years, was done under the Donor Supported Public Financial Management Reforms Initiative of the Government of Liberia (GoL).

The Department is responsible for government accounting and treasury functions in accordance with the Public Financial Management Act and Regulations (2009), along with its Amendment and Restatement (2019), and other enactments required by law. The CAGD is responsible for initiating, formulating, and coordinating policy for the management of public funds and assets. The Department receives, pays, safeguards, and reports on the receipt and usage of all public funds on behalf of the government.

The Comptroller and Accountant General (CAG) heads the Department and reports to the Minister of Finance. The CAG advises ministries and agencies to ensure the effective implementation of accounting instructions. In line with the International Public Sector Accounting Standards (IPSASs) and with a consultation with the Auditor-General, the Department produces treasury and accounting instructions outlining the basis, policies, classification systems, chart of accounts, and the reporting format to be used in accounting for public funds by all government institutions. The Department is also responsible for producing quarterly and annual reports on consolidated fund accounts, annual government agency accounts, and annual public accounts for the attention of the Minister of Finance and Auditor-General.

For performing the above functions, the Comptroller and Accountant General’s Department consists of the following units :1. Accounting Services Unit (ASU)2. Treasury Services Unit (TSU3. Financial Reporting and Reconciliation Unit (FRRU)4. Technical Services Unit (TU)5. Physical Audit Unit (PAU)6. Inspectorate Unit (IU)7. Mobile Money Unit (MMU)8. IFMIS Unit (IFMISU)9. Public Financial Management Unit (PFMU)

Inspectorate Unit (IU): is responsible for reviewing the financial transactions of spending entities, determine cash balances, and ensures that disbursements made to spending entities are correctly utilized. The unit also assesses and evaluates the impact of funds disbursed as subsidies to both private and public institutions.

Physical Audit Unit (PAU): is responsible for conducting physical verification of payments relating to works performed by GoL before such payments are made. The unit prepares periodic reports on field visits assessment and provides a report for senior management.

The unit has three sections:

(1) Compliance Audit (Goods and Services Audit) and

(2) Road Fund Audit.

Integrated Financial Management Information System (IFMIS): manages the system on which GOL transactions are carried out. As GoL automates it's budget formulation, execution, and reporting responsibilities, several line ministries and agencies have been placed on IFMIS.

The unit provides technical support to online ministries and agencies and maintains a help desk to provide a solution to technical issues when they arise.

Treasury Services Unit (TSU): receives payments from the ASU and effectuate those payments on behalf of the GoL.The unit prints and disburses all checks for services rendered or goods supplied GoL through ministries and agencies. The unit also monitors, manages, and approves extra payment on the IFMIS System and prepares releases for all GoL payments.

The unit has five sections:

(1) Financial Management Unit,

(2) USD Check Printing,

(3) EDP/ LRD Check Printing,

Financial Reporting and Bank Reconciliation (FRRU): oversees the maintenance of the Consolidated Funds and other associated accounts and funds. The Unit is also responsible for bank reconciliation and produces the monthly and quarterly management reports in addition to the end of year statutory reports.

The unit has three sections:

(1) Financial Reporting,

(2) Reconciliation, and

(3) Archives.

Accounting Services Unit (ASU): Is responsible for the processing of all payment related transactions from line ministries and agencies and ensures compliance with applicable financial regulations. The unit also ensures that payment applications do not exceed budget authorization for ministries and agencies. The unit has there sections: (1) Receiving Line, (2) Budget Execution, and (3) Compliance.