Yemen Public Finance Modernization Project

The project is a larger PFM project, and has one component targeting the Supreme Audit Institution of Yemen – Central Organization for Control and Auditing (COCA).
 
The project was expanded in 2013 through additional financing of 150,000 USD for the COCA component.
Objectives of the COCA component in the original project:
(1) improving COCA’s skills and knowledge of AFMIS (Accounting and Financial Management Information System);
(2) strengthening COCA’s audit manual and methodology, to take account of the introduction of AFMIS and other reforms of PFM in Yemen; and,
(3) developing and monitoring the implementation of COCA’s medium- and long-term strategic plan.
 
Objectives of the component in the additional financing project:
a) improving COCA’s audit methodology through developing and training staff on the use of standardized audit programs and updating COCA’s audit manual;
b) Building the capacity of COCA’s staff on special audits in key sectors (oil, tax, customs, banking); c) Twinning COCA with reputable SAIs; and d) Building the capacity of COCA’s staff to enable them to audit foreign aid projects including sending COCA staff on a fellowship with US Government Accountability Office (GAO).