The Libyan Investment Authority has appointed the American “Ernst & Young” international accounting company, to review and audit the financial statements and final accounts of the institution for the past year.
The Authority stated in a statement on its official page on Tuesday that it completed the first phase of the transformation project at the end of last September, and will announce the end of the project to evaluate all its assets in the past two years in early November.
It is worth noting that the head of the Libyan Investment Authority, Ali Mahmoud, said last August that the institution’s Board of Trustees would consider appointing a major international company to conduct a full independent external auditing of the institution’s assets and portfolios after Deloitte company had completed preparing the institution’s financial statements and prepared them to be ready for review and auditing by the International company.
