FINANCIAL SYSTEM

 Financial System

Circulars

Key Topics

  OBJECTIVES

This division is responsible for the development of financial systems and procedures to ensure public accountability and good governance.

  Main areas cover

• Financial Management System and Procedures

  i. Development
  ii. Interpretation
  iii. Review
  iv. Fund Management


• Revenue Management

  i. Departmental of Fees and Charges
  ii. Division of Stamp Duty
  iii. Refund of Stamp Duty


• Asset Management

  i. New guideline on management of public asset have been developed


• Parliamentary Affairs

  i. Service the Committee on Public Accounts
  ii. Review the Auditor General reports & take corrective measures
  iii. Monitoring and implementation of COPA directives to respective CAOO/AOO and issues Treasury Minutes

  Policies Guideline & Procedures

Policies Guidelines and procedures related to Public Finance Management ,issued by this development are included in this chapter.

1. Internal Audit Guideline
2. Fixed Asset Management Guideline
3. Financial Act (Draft)

  Parliamentary Affairs

1. Service the Committee on Public Accounts
2. Review the Auditor General reports & take corrective measures
3. Monitoring and implementation of COPA directives to respective CAOO/AOO and issuesTreasury Minutes