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Regional: Regional Forum on Public Sector Accounting (Phase 2)

Sovereign (Public) Project | 51171-001 Status: Closed

This regional knowledge and support technical assistance (TA) seeks to enhance the awareness and capacity of government officials in developing member countries (DMCs) on international public sector accounting standards and practices to improve their government accounting and financial reporting requirements

Project Details

Project Officer
Matsubayashi, Rie Controller's Department Request for information
Country
  • Regional
Sector
  • Public sector management
 
Project Name Regional Forum on Public Sector Accounting (Phase 2)
Project Number 51171-001
Country Regional
Philippines
Thailand
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9434-REG: Regional Forum on Public Sector Accounting (Phase 2)
Technical Assistance Special Fund US$ 250,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Sector / Subsector

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming No gender elements
Description This regional knowledge and support technical assistance (TA) seeks to enhance the awareness and capacity of government officials in developing member countries (DMCs) on international public sector accounting standards and practices to improve their government accounting and financial reporting requirements
Project Rationale and Linkage to Country/Regional Strategy The International Public Sector Accounting Standards Board (IPSASB) is a standards-setting body designated by, and operating under, the International Federation of Accountants (IFAC) . One of its main functions is to develop global high quality international financial reporting standards for the public sector. IPSASB has the long-term strategic objective of increased adoption of accrual basis International Public Sector Accounting Standards (IPSAS), which will strengthen and improve transparency of a government's financial reporting and management resulting in a more comprehensive and accurate view of its financial position.
Impact DMC's enhanced awareness and capacity of government officials in developing member countries (DMC) on international public sector accounting standards and practices to improve their financial reporting.
Project Outcome
Description of Outcome Strengthened knowledge and understanding of accrual basis IPSAS and global best accounting practices that lead to improved transparency and accountability in DMCs' public sector financial reporting and management.
Progress Toward Outcome

During the IPSASB Strategy Roundtable and Capacity Building forum held in ADB HQ on 29-30 May 2018, DMC government officials contributed to IPSASB standard-setting process and enhanced their public-sector accounting capacity, including knowledge of accrual-basis IPSAS and formulating plans to further improve their respective government accounting framework to be more transparent and accountable.

During the IPSASB Roundtable and Capacity Building forum held in ADB HQ on 9-10 October 2019, DMC government officials with pubic financial reporting and management backgrounds provided practical feedbacks on the implementation of IPSASB Work Plan 2019-2023 and on key aspects of its current projects. Participants also learned experiences of IPSAS adoption in other countries and key relevant technical topics such as information technology and human resource in the public sector, with primary objective to enhance the awareness and capacity of DMC government officials on IPSAS and international accounting practices to improve their financial reporting and management.

Implementation Progress
Description of Project Outputs Conducting regional knowledge sharing forum events relating to public sector accounting.
Status of Implementation Progress (Outputs, Activities, and Issues)

The 2018 IPSASB Strategy Roundtable and Capacity Building Forum was held in ADB Headquarters on 29-30 May 2018. The forum was attended by 140 participants from over 40 countries including DMC government officials, multilateral development banks and accounting institutions. High profile resource speakers were invited. During the forum, several capacity building sessions were organized including panel discussion on comparative approaches and experience sharing of adopting accrual-basis IPSAS to address the DMCs' opportunities and challenges in strengthening public financial reporting. Another Capacity Building forum will be held in October 2019 which will conclude this TA.

The 2019 IPSASB Roundtable and Capacity Building Forum was held in ADB headquarters on 9-10 October 2019. This was hosted by CTL in partnership with IPSASB and Confederation of Asian and Pacific Accountants (CAPA). The forum was attended by 112 participants, 47 of which were government officials nominated by 29 DMCs in the region. During the forum, participants learned about the benefits of accrual accounting, comparative approaches and experience sharing of adopting accrual basis accounting in different countries and key technical topics such as information technology and human resource in the public sector.

Geographical Location Philippines - Nation-wide; Thailand - Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

The participants provided very positive feedback on various aspects of the forum. They appreciated ADB's efforts to provide a platform for knowledge sharing and cross learning among DMC government officials. Many found the country experience sharing sessions very useful. There is a strong support for the continuation of such Forum with suggestions to include in the next forums more experience sharing from countries which have fully adopted IPSAS, particularly on their implementation challenges and lessons learned, concrete benefits and practical guidance in implementing IPSAS accrual in areas such as reporting, budgeting and systems.

More than 95% participants validated the usefulness and relevance of the knowledge and experience they obtained from the forum. The rating they provided to the forum exceeded the 60% target indicator specified in the TA paper.

Business Opportunities
Consulting Services

The TA will require consulting services of one national consultant, who will serve as a forum coordinator. The forum coordinator, who will provide administrative and logistical support, should be a university graduate and have substantial experience in planning and managing forums and conferences as well as managing databases. Administrative and logistical tasks will include (i) coordination with the forum venue; (ii) arrangement of travel and accommodation for the participants; (iii) assist in the preparation of forum materials, registration of the participants, preparation of agenda, and disseminating information among participants; and (iv) perform administrative and ad hoc support to ADB staff.

The TA will also engage resource speakers for the forums who will deliver key messages and facilitate panel discussion on the topics of the forums that will be assigned to them.

Procurement Not applicable.
Responsible ADB Officer Matsubayashi, Rie
Responsible ADB Department Controller's Department
Responsible ADB Division Accounting Division
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance 27 Jul 2017
Fact Finding -
MRM -
Approval 29 Nov 2017
Last Review Mission -
Last PDS Update 23 Jan 2020

TA 9434-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Nov 2017 - 29 Nov 2017 31 Dec 2020 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
250,000.00 0.00 0.00 0.00 0.00 0.00 250,000.00 29 Nov 2017 198,892.41

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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Tenders

Tender Title Type Status Posting Date Deadline
Regional Forum on Public Sector Accounting (Phase 2) Individual - Consulting Closed 21 May 2019 01 Jun 2019

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.