Ahmed Ataul Hakeem, FCMA Comptroller & Auditor General of Bangladesh

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1 Ahmed Ataul Hakeem, FCMA Comptroller & or General of Bangladesh

2 Comptroller & or General: Introduction The Supreme Institution of Bangladesh Mandate & Authority derived from the Constitution Not under any of the three traditional powers Legislature, Executive & Judiciary. Distinct from other government checks/controls due to position, aims & techniques. Ensures that public money is accounted for, well managed, propriety is ensured & value for money is attained by custodians of public assets. 2

3 Public Sector Accounting & ing: Background Inherited as a legacy of the British colonial administration Office of the Comptroller and or General in India established in 1860 with the objective to ensure accountability and transparency of Viceroy to British Sovereign. Office of the Comptroller & or General of Bangladesh commenced activities from 1973 OCAG Bangladesh is working to establish accountability & transparency of GoB to the people/ tax payers 3

4 Comptroller & or General: Mandate Article of the Constitution of the Peoples Republic of Bangladesh The Comptroller and or General (Additional Functions) Act of 1974 The Comptroller and or General (Additional Functions) (Amendment) Act of

5 Mandate: Constitutional Provision Article 127 Establishment of the Office of or General Article 128 Functions of or General Article 129 Term of office of or General Article 130 Acting or General Article 131 Form and manner of keeping public accounts Article 132 Reports of or General to be laid before Parliament 5

6 Mandate of Public Sector Accounting in Bangladesh The Comptroller and or General (Additional Functions) Act of 1974 provided responsibilities of: Keeping Govt. accounts, Preparing Appropriation and Finance Accounts, ing statutory public & local authorities Preparing commercial accounts & general financial statements. In 1975, an amendment to the Act gave further responsibility to audit public enterprises having at least 50% govt. share. 6

7 Public Sector Accounting : Comptroller General & His Functions Role of or General may be combined with that of Comptroller. Comptroller function is one of control rather than audit, performed in advance of expenditure [INTOSAI]. Known as Pre in Bangladesh. Ensuring Treasury Controls: Authorize payments from Treasury Compiling Accounts of the Republic: Appropriation Accounts & Finance Accounts. Article 127 states that there shall be a Comptroller & or General of Bangladesh, therefore comptrollership is a Constitutional mandate of CAG. Functions of Comptrollership pre audit, treasury controls & accounts compilation carried out by CGA, CGDF and ADGF[Rail] on behalf of CAG. 7

8 Public Sector Accounting : Standard Cash Basis of Accounting System is used Features of GoB accounting function : Consolidated Fund, Treasury Single Account Limit of financial authority provided by the Parliament through Annual Budget. Funds managed by a central entity & individual entities do not control the cash they are authorized to spend. Complies with requirements of Cash Basis IPSAS by ensuring proper presentation, transparent financial reporting & enhanced comparability of general purpose financial statements. 8

9 Public Sector Accounting : Structure Accounting Circles: Public Sector Accounting Controller General of Accounts [CGA] Controller General Defense Finance [CDGF] ADG (Rail Finance) Chief Accounts Office [T&T} Appropriation Accounts [Civil] Appropriation Accounts [Defense] Appropriation Accounts [Rail] Appropriation Accounts {PT&T} Finance Accounts of GoB 9

10 Mandate of Public Sector ing in Bangladesh Article 128 Public accounts of the Republic, all courts of law, all authorities & officers of Govt., any body corporate established by law shall be audited by CAG CAG or any person authorized by him shall have access to all records..documents,..stores or government property in possession of person in service of the Republic. CAG in exercise of his functions shall not be subject to direction or control of any other person or authority. Article 132 Reports of CAG shall be submitted to the Hon ble President, who shall cause them to be laid before Parliament. 10

11 Public Sector ing : Structure Operational Structure: Public Sector ing Commercial Local & Revenue Civil Work Foreign Aided Project Performance Mission Defense Post, Telegraph & Telephone Railway 11

12 Public Sector ing : Ensuring Quality Quality Control Function Team Inspection Report QC Team headed by Deputy Director Approved by Director General QC Team headed by Director to review SFIs Preparation of Draft Report Approval of Draft Report by DG Quality Control Function Reviewed Report Deputy C&AG [Accounts & Report] Other Types of Draft Report Quality Assurance Report Draft Performance Report Final Report Approved by CAG Quality Assurance Function Central Quality Assurance Committee Performance Level OCAG Level 12

13 Capacity Building Initiatives Formulation of Act to further operationalize & update mandate of CAG given under Article 128(4). Collaboration with professional accounting institutes for partnerships & secondments. Adoption of international standards for SAIs [ISSAIs] Enhancing capacity for Financial/Compliance, Performance, IT, Environmental & Public Debt Management. Collaborating with INTOSAI in capacity building programmes. Management and Monitoring System [AMMS] : computerizing audit business process, from planning to followup. Media and Communication Cell : improve relationship with stakeholders & ensure media outreach. 13

14 Reform Initiatives Strengthening Comptrollership and Oversight of Public Expenditure [SCOPE] Project: Enhancing capacity for conducting Performance s Enhancing capacity for Financial and Compliance s following ISSAIs Enhancing capacity for IT and use of IT Strengthening Information System infrastructure in OCAG Strengthening Public Expenditure Management Programme [SPEMP B]: Component 1: Strengthening Institutional Arrangements of OCAG Component 2: Enhancement of Quality and Expansion of Scope Component 3: Strengthening the Financial Management Academy [FIMA] 14

15 Conclusion OCAG plays a vital role in ensuring efficient &effective accounting and auditing functions in the public sector. OCAG enhances reliability of PFM and satisfy need for reliable & dependable information of stakeholders. OCAG has undertaken several technical assistance projects to improve quality of its outputs and services. OCAG & ICAB examining areas for collaboration on issues of secondments, cooperation for professional certification of newly recruited BCS officers etc. A Joint Team of OCAG and ICAB working to identify areas of cooperation and to finalize MoU. 15

16 THANK YOU

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