|During Project Implementation
The TA will produce three outputs: (i) piloting quality assurance systems for PAOs, (ii) developing working papers on DMC financial management systems, and (iii) developing an e-Learning module on preparing project financial statements using the cash-basis IPSAS.
For Output 1, a study of the PAOs existing quality assurance systems will be conducted in collaboration with CAPA . Given CAPA's role in the region and its membership (comprised of PAOs), it is strategically positioned to coordinate TA activities. A good practice roadmap will be developed which will serve as a starting point to further develop PAO specific roads maps to guide improvements in quality assurance. The roadmap will apply the International Auditing and Assurance Standards Board's (IAASB) audit framework and will be guided by IFAC's Statement of Membership Obligations (SMO) 1 . CAPA will coordinate with the participating PAOs, and will monitor and measure results on an annual basis. The pilot implementation will cover four countries, namely Cambodia, Myanmar, Nepal, and Samoa. National workshops will be held to promote the quality assurance roadmap and gain commitment from the PAOs.
Output 2 will produce working papers on the financial management systems of Bangladesh, Fiji, Indonesia, Myanmar, Nepal, Pakistan, Sri Lanka, and Viet Nam . The TA will use the recently produced Operational Knowledge Working Paper on the Funds Flow, Accounting, and Audit arrangements in India as a guide and will conduct interviews and consultations with ADB's Control Officers and Financial Management Officers in Resident Missions (where available) and relevant government representatives. The working papers will be disseminated as a tool in conducting financial management assessments during project preparation. The initial set of working papers will be published on ADB's website and will be scaled up to cover other DMCs in the region in future TA projects.
Output 3 will produce an e-Learning module that provides the requirements of the IPSAS Cash Basis Standards. The TA will leverage existing products produced by international consulting/audit firms or international institutes (e.g., the Chartered Institute of Public Finance & Accountancy) given their experience and credibility in the market, and incorporate ADB's requirements on financial reporting and auditing of projects. The module will use an open-source software application that can be maintained by ADB to eliminate issues on proprietary rights and maintenance. The TA will use experienced consultants in designing the content and layout of the module and the webpage under the supervision of the consulting firm. This module will produce certifications at the completion of the course, track the student's learning progression over time, and will be hosted on ADB's website accessible by all existing and potential executing and implementing agencies, other interested DMC staff including SAIs, and private auditors. A workshop will be held to launch and promote the e-Learning module.
The TA will be dependent on the cooperation and commitment of CAPA, the PAOs, and relevant DMC staff. ADB will closely coordinate with these institutions during implementation and will monitor activities of consultants to reduce the risk and ensure completion and delivery of outputs.
ADB will be the executing agency, with OSFM acting as focal point and providing overall TA oversight and administration. OSFM will work closely with CAPA and the Resident Missions who in turn will be coordinating and guiding the consultants.