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	Table of Contents
p. 53 of 203 BACK | NEXT Foreword 1. Introduction to the Guidelines 2. User Instructions 3. Preparing and Appraising Investment Project 4. Financial Management of Executing Agencies 4.1. Financial Management Overview 4.2. Institutions and Systems 4.2.1. Introduction to Institutions and Systems 4.2.2. Major Institutional Assessments 4.2.3. Governance 4.2.4. Financial Management and Governance Arrangement 4.2.5. Country Diagnostic Studies of Accounting and Auditing 4.2.6. Executing Agencies 4.2.7. Project Objectives 4.2.8. Revenue-Earning Projects 4.2.9. Non-Revenue-Earning Projects 4.3. Financial Analysis 4.4. Measuring Performance 5. Reporting and Auditing 6. Financial Institutions 7. Knowledge Management

Financial Management and Analysis of Projects : 4. Financial Management of Executing Agencies : 4.2. Institutions and Systems

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4.2.2. Major Institutional Assessments

4.2.2.1. For longer term and more comprehensive institutional strengthening of financial management, a detailed examination, with recommendations for improvements should preferably be part of the periodic country/sector reviews normally undertaken by ADB, or as a discrete and independent exercise by itself undertaken at the request of the concerned agency/government.

4.2.2.2. Specific consultant TORs should be included for the appraisal of the concerned EAs' financial management arrangements. The consultants recruited must specialize in financial management. Their experience must relate to the operations of the agency concerned. Usually 2-3 person-months' time is sufficient to conduct an institutional assessment of financial management arrangements and recommend corrective actions if required.

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