PEFA CHECK

PEFA Open Forum Day Miami, May 3 2012

PEFA Secretariat
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PEFA CHECK
Enhanced Quality Assurance Mechanism for PEFA Assessments

PEFA CHECK
To increase the trust of users in the quality of individual assessment reports By confirming an adequate quality assurance process in conducting a PEFA assessment

PEFA CHECK
What is it? Why is it being introduced? How does it work? What is the transition period?

PEFA CHECK: what is it

Verification that good practices have been followed based on 6 formal criteria

Process quality endorsement

PEFA CHECK: why is it being introduced

More and more

PEFA assessments are prepared Stakeholders rely on PEFA assessments Increase trust of users in the quality of reports Enforce good practices and creates incentive to adhere to them

PEFA CHECK seeks to:

PEFA CHECK: how it works

Criteria
1. Quality review: at least 4 independent PFM institutions (Gvt, lead agency, Secretariat, others) Concept Note 2. Review of draft/final draft 3. Illustrate how comments have been addressed Report 4. Review of draft/final draft 5. Illustrate how comments have been addressed 6. Disclose QA arrangements in the report
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PEFA CHECK: how it works (cont) The PEFA Secretariat: Verifies compliance with 6 criteria using template Authorizes use PEFA CHECK stamp Marks PEFA CHECK (website, data base, list of finalized reports)
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PEFA CHECK: transition period

PEFA CHECK in effect May 1st, 2012 Transition period May 1st-Dec 31st, 2012 Assessments started prior May
Not

subject to PEFA CHECK Marked not applicable (N/A)

PEFA CHECK

Thank you for your attention

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