BEPEKA AUDIT MODERNIZATION PROJECT

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The objective of the BEPEKA Audit Modernization Project is to assist BEPEKA to better assess the accountability of public finances through the enhancement of its financial and performance audit capabilities. The project will: 1) support BEPEKA's efforts to remove existing audit scope limitations and other regulatory constraints and carry out full-fledged financial and performance audits; 2) promote user demand for such audits; 3) reduce internal supply constraints by upgrading technical and managerial skills; 4) build up the audit management information system; and 5) institutionalize international best practices. The project consists of two major components. The first one is strategic planning. An international expert will be retained to (i) analyze sectoral and institutional issues; (ii) review existing and pending legal framework; (iii) increase demand for performance auditing; (iv) plan and conduct the first set of performance audits; and (v) assess other internal institutional factors critical to BEPEKA's long term sustainability. The second component is institutional development, including: (i) skills development; (ii) audit management; and (iii) project management and implementation.