Improving Governance Through Strengthened Financial Management – Iraq

The project covers several aspects of financial management through three components. One of them relates to the Board of Supreme Audit (BSA): Component (3) “Strengthening External Accountability and Specifically Strengthening BSA capacity In Line with International Standards and Good Practices”. This component builds on the work delivered under the recently closed PFM Project and will continue to support the BSA in line with its strategic objectives through: i) developing a risk-based audit manual (implemented by BSA through pilot audits), ii) certify training skills of BSA’s master trainers, iii) improve BSA strategic capacity by prioritizing its annual audit plan and developing its quality control assurance function as an indicator on  implementation of good methodology, and iv) increase the quality of audit reports made available to Parliament and contribute to the Parliament capacity to understand and utilize audit reports.
 
The total budget of the project is 1,088,000 USD, of which the SAI component comprises 418,000 USD.