Enhancing Internal Audit in Maldives

Project Number: 4 July 2007 Enhancing Internal Audit in Maldives (Financed by the Australia-ADB South Asia Development Partnership Facility [RETA 6337: Development Partnership Program for South Asia]) A. Basic Data 1. Activity Title: Enhancing Internal Audit in Maldives 2. Project Officer(s): Kyung Nam Shin 3. Request Date: 8 June 2007 4. Executing Agency: Asian Development Bank (ADB) 5. Implementing Agency(ies): The Ministry of Finance and Treasury, The Government of Maldives 6. Types of Interventions: Innovative Intervention 7. Amount Requested: $500,000 8. Period this funding request will cover: 20 January 2008 – 20 July 2009 (18 months) 9. Region/Country: Republic of Maldives B. Description of Executing and Implementing Agency Ministry of Finance and Treasury (MOFT) will be the Executing and Implementing Agency headed by the Financial Controller. This agency has significant experience in executing and implementing projects over a range of agencies. This was clearly demonstrated on the projects post the Tsunami period in project monitoring, financial reporting and staff training to ensure projects are implemented as per the agreed requirements. Whilst Government of Maldives (GOM) has developed an initial organization chart and budgets for the Internal Audit Department, during the preparation of the Strategic Management Plan, the current GOM’s plans will be ...