Second Improvement to Financial Reporting and Auditing Project

closed

The Second Improvement to Financial Reporting and Auditing Project for Pakistan will build capacity to improve the accuracy, comprehensiveness, reliability, and timeliness of intra-year and year-end government financial and fiscal reports at federal, provincial and district levels. The project consists of the following components: Component 1) will follow up and extend the work done under PIFRA I in implementing policies, systems and procedures that support overall project objectives of improving the accuracy, completeness, reliability and timeliness. Component 2) will adopt modernized government audit procedures and internationally accepted auditing standards that will contribute to eradicating deficiencies in program and evaluation capabilities in a timely and effective manner. Component 3) the objective of the Controller General of Accounts (CGA) component is to assist the CGA's Office and the Accountant General (AGs) to professionally and adequately manage, and also to maximize the benefits from the computerized accounting environment. Component 4) comprises framework for project management.