Pacific Regional Audit Initiative (PRAI)

PRAI is an initiative of the Pacific Plan and its objective is to raise Pacific public auditing to uniformly high standards which in turn is expected to improve transparency and accountability  in managing and using public resources. The Pacific Association of Supreme Audit Institutions (PASAI) has adopted PRAI as its strategic plan. The strategic objectives of PRAI include: (i) assist regional co-operation and co-ordination; (ii) build and sustain public auditing capacity; (iii) conduct co-operative financial and performance audits; and (iv) develop communications and advocate transparency and accountability. 22 out of the 26 Pacific Region SAIs will be the participants and beneficiaries of this initiative. It is intended that by the end of 2012, 80% of participating SAIs will be at level 3 on the PASAI capability model.
Financial support for the implementation of PRAI is provided by three donors, Department of Foreign Affairs and Trade Australia, New Zealand and the World Bank. While the World Bank supports specific projects (see below), the two others assist PASAI on a pooled fund basis. This caters for the PASAI Secretariat and PASAI activities not specifically funded.
The Department of Foreign Affairs and Trade Australia (DFAT)contributes with USD 2,460,000.00 from May 2010 to May 2012. In addition to the core funding through the pooled fund, DFAT is also funding two specific project (see separate entry in the database).
New Zealand (Ministry of Foreign Affairs) contributes with USD 1,312,000.00 from October 2011 to October 2014.
The World Bank contributes with USD 549,700.00 from February 2010 to July 2013. The funding from the World Bank is used for two specific projects under the intiative. These are (i) development of guidelines and manuals; and (ii) development of training materials.