PIFRA 1 PIFRA project to improve financial reporting and auditing PIFRA PIFRA project to improve financial project to improve financial reporting and auditing reporting and auditing Khuram Farooq, PMP Khuram Farooq, PMP n Director PIFRA Director PIFRA [email protected][email protected]December 2, 2007 December 2, 2007
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PIFRA - ICGFM · Provincial Federal DAOs DAOs DAOs AG AGPR CGA R o ll up a n d a g g r eg a ti on 110 4. PIFRA 12. PIFRA 13 Vision and System Landscape-Financial Reporting ape-Finance
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PIFRA1
PIFRAproject to improve financial reporting and auditing
PIFRAPIFRAproject to improve financial project to improve financial reporting and auditingreporting and auditing
Khuram Farooq, PMPKhuram Farooq, PMPnn Director PIFRADirector PIFRA
International Public Sector Accounting Standard (IPSAS II) Compliance
IPSAS IICASH BASIS ACCOUNTING
PIFRA7
ObjectivesObjectivesObjectives
Strengthened internal controls- Increased trust and confidence
Audit: risk-based approach, better quality- Improved support for legislative oversight through PAC- Strengthened accountability framework- Increased confidence in audit process
R/3 other
nnFinancial informationFinancial information--Accurate,TimelyAccurate,Timely--Efficient resource management/Efficient resource management/Timely input for policy makersTimely input for policy makers
----Improved fiscal spaceImproved fiscal space--Increased international credibilityIncreased international credibility--Improved Investor ConfidenceImproved Investor Confidence
International Standards ComplianceInternational Standards Compliance•• IPSAS II and GAAPIPSAS II and GAAP••IASIAS••GFSGFS
‘‘Compliance to international Compliance to international standards reduces corruptionstandards reduces corruption’’
John Hopkins University Research John Hopkins University Research 20072007
PIFRA8
PIFRA II: DesignPIFRA II: DesignPIFRA II: Design
PIFRA II
$ 94 m
FABS
(Financial Accounting and
Budgeting System)
NAM
Capacity Building
Of
OAG
(Office of the Auditor General)
FAM
Capacity Building of
CGA
Controller General
Of Accounts
Project Management
Support
AGP/CGA/MOF
PIFRA9
Process- New Accounting/Auditing Model/Internal Audit
ImplementationImplementation-- Technology and Capacity BuildingTechnology and Capacity Building
RestructuringRestructuring
Separation of Audit and Accounts
Basic ConceptBasic ConceptBasic Concept
CGA and AGP Ordinance 2001
PIFRA10
Financial Accountability Cycle and PIFRAFinancial Accountability Cycle and PIFRA
Fundsauthorization
AuditReport
AG
P Line D
epartments
MOF/Legislature
CGAFinancial Reporting
Execution
Process Technology PoliciesPeople
PIFRA11
Vision- Financial Reporting by CGAIntegrated, On-line, Real-Time, Govt-wide, multi-tieredVisionVision-- Financial Reporting by CGAFinancial Reporting by CGAIntegrated, OnIntegrated, On--line, Realline, Real--Time, Time, GovtGovt--wide, multiwide, multi--tieredtiered
DAO/TMAs
DAO/TMAs
DAO/ TMAs
District/Sub District/Sub districtdistrict
ProvincialProvincial
FederalFederal
DAOsDAOsDAOs
AG
AGPR
CGA
Roll up
and
Roll up
and
aggr
egati
on
aggr
egati
on110
4
PIFRA12
PIFRA13
Vision and System Landscape-Financial ReportingVision and System LandscapeVision and System Landscape--Financial ReportingFinancial Reporting
Sustainability, Ownership, Support Sustainability, Ownership, Support Sustainability, Ownership, Support
End Users Site 2….n
Knowledge transfer of consultants through our own qualified personnel to field offices
PIFRA33
Training Training Training
nn Over 80 Master TrainersOver 80 Master Trainersnn Training on New Chart, NAMTraining on New Chart, NAMnn Over 29,000 Over 29,000 DDOsDDOs TrainedTrainednn Training labs at provincial HQ for system trainingTraining labs at provincial HQ for system trainingnn Training NAM/SAP for SitesTraining NAM/SAP for Sites--2000 SAP Users2000 SAP Usersnn Roll Out Training continuing through master trainersRoll Out Training continuing through master trainers