Strengthening PFM Systems through Accounting and Auditing Reforms

In November 2015, PASAI in collaboration with the Pacific Financial Technical Assistance Centre (PFTAC) and the University of the South Pacific (USP) facilitated a workshop on strengthening public financial management (PFM) systems through accounting and auditing reforms. The workshop was based on and a continuation of the partnership already established between PFTAC and PASAI, who have a joint interest in strengthening governance, transparency and accountability within the Pacific region. Twenty nine participants (15 auditors from SAIs and 14 accountants from Ministries of Finance) represented seven Pacific Island countries namely Cook Islands, Fiji, Marshall Islands, Papua New Guinea, Samoa, Solomon Islands and Tonga. The countries represented at the workshop were those who have already developed PFM Reforms and are at different development stages of such reforms. The workshop assisted accountants in MOF and government auditors in the SAIs to support each other in discussing a common strategic framework and a reasonable transition period to improve the relevance, reliability, timeliness and transparency of financial reporting in support of government decision-making, while at the same time complying with international financial and auditing standards.