FINANCIAL MANAGEMENT SYSTEM

DEVELOPMENT AND IMPLEMENTATION OF A PROVINCIAL MANAGEMENT SYSTEM – FINANCIAL AFFAIRS DIRECTORATE (FAD)

The initial process of establishing a Provincial Financial Management System is the restructuring of finance staff roles and responsibilities, and the establishment of provincial FADs responsible for: 1) financing the provincial directorates; 2) combining provincial Operational and Investment budgets and tracking execution; 3) performing auditing and financial control; 4) reporting to the MOF; and 5) providing other related services as needed.

GSP/Taqadum Budgeting Specialist, Mr. Ameer Mohammed (l), training Kirkuk Agriculture Directorate finance staff on FAD funding procedures and reporting requirements

ACHIEVEMENTS

FAD staff assigned in all 15 provinces FAD staff in 15 provinces trained on roles, responsibilities, and FAD system and financial procedures Finance staff in targeted directorates in 14 provinces (except Anbar) trained on financial procedures The Supreme Audit Board (SAB) Internal Auditing Manual adopted by 12 provinces (except Anbar, Ninawa, and Salah ad Din)FAD is functional in 13 provinces (except Ninawa and Salah ad Din)

ONGOING NEXT STEPS: FAD

Continue to provide Technical Assistance (TA) to FAD on accounting procedures with the MOF and local directorates Provide training and TA to newly added directorates on FAD financial procedures and processes Train newly added directorates on the SAB Internal Auditing Manual Train GO, FAD, and directorates on opening Letter of Credit procedures