Mongolia- Staff Professional Development Strategy, action plan and training

The Mongolia Project has five components:
Component 1: Peer review of MNAO’s financial audit activities
Component 2: Comprehensive training needs assessment of the new MNAO structure
Component 3: Design a comprehensive and sustainable continuing professional development strategy together with a detailed action plan
Component 4: Development of customized training materials and delivery of the training as per the training program tailored to the capacity building needs identified by the peer review and training needs assessment and reflected on the continuing professional development strategy and program
Component 5: Design and apply an updated private audit firm contracting process
 
Grant Agreement between the World Bank and the authorities was be signed in the third quarter of July/September 2015. The Task Team has already started the dialogue with MNAO on identifying potential consultants to conduct the peer review of the MNAO’s financial auditing capabilities that is one of the first activities to be carried out in the early stages of project implementation. Mongolian NAO is fully committed to the project and has recently sent a letter to the Bank reconfirming their commitment and efforts to this project