{"id":64,"date":"2020-10-27T15:36:03","date_gmt":"2020-10-27T13:36:03","guid":{"rendered":"https:\/\/pfmreporting-tool.com\/?page_id=64"},"modified":"2021-01-27T10:23:29","modified_gmt":"2021-01-27T08:23:29","slug":"about","status":"publish","type":"page","link":"https:\/\/pfmreporting-tool.com\/about\/","title":{"rendered":"About"},"content":{"rendered":"
by Meisie Nkau and Maurice Ochieng<\/p>\n\t
During the INCOSAI conference in 2016, theme discussions on the Sustainable Development Goals (SDGs) brought to the forefront the vital role of Supreme Audit Institutions (SAIs) in contributing to their achievement. In response, AFROSAI-E and the GIZ Good Financial Governance in Africa Programme teamed up to develop the Public Financial Management Reporting Framework (PFM RF). This tool was launched in 2018 and enables SAIs to make a meaningful contribution to the achievement of SDGs at country level.<\/p>\n
by Meisie Nkau and Maurice Ochieng<\/p>\n\t
During the INCOSAI conference in 2016, theme discussions on the Sustainable Development Goals (SDGs) brought to the forefront the vital role of Supreme Audit Institutions (SAIs) in contributing to their achievement. In response, AFROSAI-E and the GIZ Good Financial Governance in Africa Programme teamed up to develop the Public Financial Management Reporting Framework (PFM RF). This tool was launched in 2018 and enables SAIs to make a meaningful contribution to the achievement of SDGs at country level.<\/p>\n\t
Sound public financial management is crucial to ensure the delivery of essential services in sectors such as health and education, to citizens. The functioning of the PFM system reflects the ability of the government to turn policies from paper into a reality. SAIs are uniquely positioned to holistically audit the PFM system. They can look at institutions such as Ministries of Finance, Revenue Authorities, Parliament and selected line ministries as well as overarching PFM processes, such as budget formulation and financial reporting.<\/p>\n
Since the introduction of the PFM Reporting Framework tool in 2018, 12 SAIs in Africa, one SAI in Europe and one SAI in Latin-America have adopted it. Five of these SAIs have published their audit reports, using version 1.0 of the tool, on the performance of the country\u2019s PFM system. These SAIs tabled the reports in parliament and engaged the media and civil society organisations (CSOs) on the results. The SAIs have indicated that they consider the tool to be a game changer in their work as it prompts thorough root cause analysis of the PFM system holistically. The tool enables auditors to use various audit evidence gathering techniques and methods commonly used in performance, compliance and financial audits.<\/p>\n
The PFM Reporting Framework is an excel based tool, now available in English, French and Portuguese. Complementary guides and manuals in all three languages can also be accessed on this website.<\/p>\n
This website is intended to be a one-stop-shop for SAIs, practitioners and other interested parties. It serves as a marketplace for ideas on how we can improve the PFM systems in our countries and world-wide, through knowledge sharing and use of this tool.<\/p>\n
We invite you to make use of the PFM Reporting Framework and encourage you to further engage with AFROSAI-E, the GIZ Good Financial Governance in Africa Programme and the community of practice.<\/p>\n
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Empowering SAIs to make a meaningful contribution towards the Sustainable Development Goals<\/p>\n
At the INCOSAI In Abu Dhabi in 2016, INTOSAI members committed to make a meaningful contribution to the Sustainable Development Goals (SDGs). One of the ways of doing this is to rethink the way public financial management is audited and reported upon. Functioning public financial management (PFM) systems are central in the contribution to the achievement of the Sustainable Development Goals (SDG), as highlighted under SDG 16 which emphasizes the importance of effective and accountable institutions. In simple words: funding the goals will only work if PFM systems function efficiently.\u00a0 Against this backdrop, AFROSAI-E and GIZ developed a new tool for auditors, the PFM Reporting Framework assessment tool, which is currently used by Supreme Audit Institutions in over 15 countries in Africa, Europe and Latin America.<\/p>\n
The PFM Reporting Framework is an excel-based tool which allows auditors to assess the performance of public financial management processes along the whole budget cycle. It targets specifically the readiness of the PFM system to enable the realization of all SDGs. Moreover, it allows auditors to verify the degree of disaster preparedness of the national PFM system.<\/p>\n
It is inspired by existing assessment frameworks like the Public Expenditure and Financial Accountability, while catering for the specificities of the work of SAIs. The assessment tool focuses on core PFM institutions such as the Ministry of Finance, Parliament and Revenue Authority, as well as important sector ministries and departments. These sector ministries are to be identified due to their potential contribution to the achievement of the SDGs and typically include the Ministries of Health and Education. With a root cause analysis, auditors go beyond symptoms and develop meaningful audit recommendations.<\/p>\n
The results of the audit are summarized in simple dashboards facilitating easy communication of institutional performance to the audited entities as well as actors in the wider accountability ecosystem, particularly parliament, civil society and media. SAIs are encouraged to integrate the PFM Reporting Framework into their annual audit plans to enable the tracking of PFM performance over time.<\/p>\n
Consistent and continuous reporting allows SAIs to provide meaningful recommendations to government and parliament to facilitate a systemic response to identified root causes in the PFM system impeding the SDGs. Through SAIs\u2019 continuous application of the PFM Reporting Framework, the tool can unfold its full potential in prompting holistic and sustainable PFM reforms.<\/p>\n
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About us Welcoming Remarks by Meisie Nkau and Maurice Ochieng During the INCOSAI conference in 2016, theme discussions on the Sustainable Development Goals (SDGs) brought to the forefront the vital role of Supreme Audit Institutions (SAIs) in contributing to their achievement. In response, AFROSAI-E and the GIZ Good Financial Governance in Africa Programme teamed up…<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"_links":{"self":[{"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/pages\/64"}],"collection":[{"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/comments?post=64"}],"version-history":[{"count":11,"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/pages\/64\/revisions"}],"predecessor-version":[{"id":5301,"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/pages\/64\/revisions\/5301"}],"wp:attachment":[{"href":"https:\/\/pfmreporting-tool.com\/wp-json\/wp\/v2\/media?parent=64"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}