|Project Name:||Pacific Regional Audit Initiative|
|Status of Project:||Ongoing|
Regional - East Asia & Pacific
|Focus Area(s):||Monitoring and enforcement (including audit quality assurance and/or systems of investigation and discipline)|
Pacific Association of Supreme Audit Institutions (PASAI)
Government of Japan
|When did/will the project commence?||2013-11|
|When was/will the project be completed?||2016-06|
|Project Objectives:||The regional capacity development technical assistance (TA) supports the continued implementation of the Pacific Regional Audit Initiative in Pacific island countries, and was designed to improve transparency and accountability in the management and use of public resources in the beneficiary countries. The outcome of the TA will be that supreme audit institutions (SAIs) in the Pacific will operate in accordance with uniform high standards.|
|Key Project Components:||Financing of consulting services of legal adviser, cooperative performance audit expert, and communications advisory support to PASAI Secretariat; sub-regional audit support training and evaluation.|
|Key Project Outputs:||1. Strengthened SAI independence - Support provided to five SAIs on legislative amendments is consistent with international guidance. 2. Strengthened transparency and accountability by contributing to and promoting an integrated approach to Public Financial Management - One public release in 13 PASAI member countries following the publication of a regional accountability and transparency report. Two strategic partnership agreements with joint results-oriented frameworks are agreed upon. 3. Strengthened public financial reporting, public audit, and legislative oversight - One cooperative performance audit in eight countries is completed in accordance with a common cooperative performance audit methodology and tabled in each country’s parliament.
Six financial audits in three countries are completed under the Subregional Audit Support Program in accordance with a common financial audit methodology and tabled in each country’s parliament. 4. Strengthened capacity and capability of SAIs to carry out their mandates - Overall one-step increase in the performance of SAIs as measured by the PASAI capability model.
|Key Project Outcomes:||Supreme audit institutions (SAIs) in Pacific island countries operate in accordance with uniform standards at a measurably higher level.|
|How was the project initiated?||In October 2005, the Pacific Islands Forum (PIF) leaders endorsed for further study and analysis the Pacific Plan Initiative 12.1 (Key Integrity Institutions), which included the Pacific Regional Audit Initiative (PRAI). The PRAI design was subsequently developed by the Pacific Association of Supreme Audit Institutions (PASAI), with support from the Asian Development Bank (ADB) and the former Australian Aid, under the coordination of the PIF Secretariat. The August 2008 PIF Leaders’ Meeting endorsed the PRAI design. Following this endorsement, ADB, Australian Aid, the International Organization of Supreme Audit Institutions (INTOSAI) Development Initiative, the New Zealand Aid Programme, and the World Bank supported the successful initial implementation and delivery of PRAI outputs during 2008–2013.|
|Total project budget (in USD)||$1,300,000.00|