Pakistan: Report on Observance of Standards and Codes—Fiscal Transparency Module—Update

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 416

Publication date: December 2004

ISBN: 9781451830651

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , ISCR , CR , accounting , ROSC , accounting office , federal budget , budget call circular , ROSC recommendation , budget manual , budget data , Budget planning and preparation , Budget execution and treasury management , Auditing

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Summary

This paper presents an Update to the Report on the Observance of Standards and Codes on the Fiscal Transparency Module for Pakistan. Under the Project for Improvement of Financial Reporting and Auditing (PIFRA), key steps to enhance fiscal reporting and monitoring were taken recently. Accounting offices that process budget data are gradually being transformed to support the New Accounting Model and new information technology processes. Nineteen sites, including two core federal accounting offices, are now online. Data reconciliation issues are being addressed by fiscal monitoring committees operating both at the federal and provincial levels.