TA 4464-FSM Strengthening Public Sector Audit Function

TAR: FSM 36368 ASIAN DEVELOPMENT BANK TECHNICAL ASSISTANCE (Financed by the Japan Special Fund) TO THE FEDERATED STATES OF MICRONESIA FOR STRENGTHENING PUBLIC SECTOR AUDIT FUNCTION December 2004 ABBREVIATIONS ADB – Asian Development Bank APIPA – Association of Pacific Islands Public Auditors FSM – Federated States of Micronesia MOU – memorandum of understanding OJT – on-the-job-training OPA Office of the Public Auditor TA technical assistance TECHNICAL ASSISTANCE CLASSIFICATION Targeting Classification – General intervention Sector – Law, economic management, and public policy Subsector – Public finance and expenditure management Theme – Governance Subtheme – Financial and economic governance NOTES (i) The fiscal year (FY) of the Government ends on 30 September. FY before a calendar year denotes the year in which the fiscal year ends, e.g., FY2005 ends on 30 September 2005. (ii) In this report, "$" refers to US dollars. This report was prepared by H. Kawada. I. INTRODUCTION 1. The Country Programming Mission of the Asian Development Bank (ADB) in June 2002 identified the weakness and ineffectiveness of the public sector audit function of the Federated States of Micronesia (FSM). The Government therefore requested technical assistance (TA) from ADB to support the strengthening of its public sector audit ...