agp

Future Initiatives

Under a five years Project for Improvement of Financial Reporting and Auditing (PIFRA), launched with the assistance of the world Bank, the Government of Pakistan is establishing a country wide integrated financial management information system that has been configured on SAP R-3 Platform requiring central networking and no-line communication with transaction nodes spread in 100 districts and 4 provinces of the country. Under this initiative, which is being supervised by the SAI of Pakistan, the existing transaction-based approach to state auditing implemented in a client-server environment? The SAIs massive re-training and modernization of human resources requirements are also being addressed under the PIFRA initiative.

Future programmes include establishing a centralized auditing Never –Centre from where a countrywide auditing operation can be effectively managed and monitored. The centre is also envisioned as a Centre of Excellence for:

Developing an INTOSAI compliant Regularity Audit paradigm for attestation of financial accountability of the government administration as a whole by the SAI of the country.
Refining the existing performance Audit methodology and practices and creation of a multidisciplinary manpower structure for conducting VFM audits and integration of VFM audit results with Regularity audit findings.
Instituting an arrangement under which the SAI is enabled to issue guidance for the executive departments on best financial practices, as an ongoing activity.
International exchanges for developing manuals and guidelines for Environmental Auditing & Green Accounting.
Dissemination of the state of the art in state auditing to the central Asian Region.