Strengthening Audit Resource Management

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The TA builds on the work of the ongoing ADB TA 7032 on Strengthening Public Financial Management Project, which has a component that focuses on strengthening audit resource management of the RAA. Among the activities supported by this TA is assisting the RAA in acquiring and implementing IT systems, including auditing software, to enhance its operational efficiencies and to improve in-house training. By strengthening the operational efficiency and effectiveness of the RAA through a strategic IT intervention, the TA will seek to fill an important accountability gap in Bhutan's governance and operating environment. An effective external audit institution is essential to transparency and accountability. Due to Bhutan's rapid growth amidst its combined pursuit of democratization and decentralization, an audit gap is growing wider and faster than what the RAA can fill. In this regard, ADB assistance has been requested to close the gap and help ensure the country continues its steady progress to meeting its bold developmental goals.