Why the PIFRA Launched Financial Reporting

-

PROJECT FOR IMPROVEMENT OF FINANCIAL

REPORTING AND AUDIT

Why the PIFRA Launched:

The Donor Agencies like World Bank (WB) and International Monitory Fund (IMF) wishes to know that whether the loans given in any country has been utilized properly or not and that whether they will bring fruits as it was expected. Due to the old and manual system of accounting 1994 the Government of Pakistan (GOP) failed to provide the correct accounts to the Donor Agencies which was noticed by them and required to improve the system of Accounting Audit and Financial Reporting.

On the instructions of the Donors the Government of Pakistan is bringing many reforms such as Judicial Reforms and Financial Reforms. PIFRA is a part of the Financial Reforms.

BACKGROUND

· This Project was Launched in 1996 with the collocation of IDA Assistance (World Bank) for the Improvement of Core Financial Information Systems in the GOP.

· Its total Funding US$ 37.174 million (IDA US$ 28.8 Million) and the rest Rs. (37.174-28.800 = 8.374 Million) is being contributed by Government of Pakistan (GOP).

COMPONENTS PIFRA

The main components of PIFRA Project are as under:-

· Government Accounting and Financial Reporting (GAFR)

· Change management & Human Resource

· Training

· Auditing

· Administration

· Other Policy Support

OBJECTIVES OF PIFRA

Following are the main objectives of PIFRA: -

· Adopt and implement best business practices

· Modernize Government Audit procedures

· Adoption of Internationally accepted Accounting and Auditing standards

· Improved Financial Accounting and Information systems

· Tighter internal controls

· Build staff capabilities

COURSE APPLICABLE TO

· Centralized Accounting Entities

· Self Accounting Entities

· Exempt Accounting Entities

(a) Centralized Accounting Entities

A centralized accounting entity is any accounting entity for whom the Accountant General has primary responsibility for the transaction processing, recording and reporting functions of that entity. At no stage does this arrangement absolve the Principal Accounting Officer of his/her responsibilities for financial management.

(b) Self Accounting Entities

A self-accounting entity is any accounting entity for whom the Principal Accounting Officer has primary responsibility for the accounting and reporting functions.

(C) Exempt Accounting Entities

These include independent entities and commercial undertakings and entities established under a state resolution or a notification of the Government or under Companies Ordinance, but placed administratively under a Ministry of Division for the purpose of accountability.

Popular posts from this blog

Open Blocked Web Site in any Country

-
How to Open Blocked Web Site Like Youtube, if any web site blocked in any Country by using proxy address you can open web site in your country i have some sample proxy address free for you. use it and enjoy it Thanks 061244235034.static.ctinets.com:3128 112.65.135.54:8080 114.143.12.28:8080 118.175.12.178:3128 118.228.148.52:3128 118.98.169.50:80 119.147.113.116:80 119.167.219.78:80 119.180.24.12:8080 119.245.230.164:80 119.62.128.38:80 119.70.40.101:8080 119.70.40.102:8080 121.10.120.214:80 121.14.158.76:80 121.30.255.38:8080 122.139.57.46:80 122.139.60.102:8080 122.224.33.10:80 122.224.33.4:80 125.64.96.21:8008 147.91.193.101:80 173-203-206-253.static.cloud-ips.com:80 174.142.104.57:3128 174.142.24.201:3128 174.142.24.203:3128 174.142.24.205:3128 174.142.24.206:3128 187.51.150.2:8080 189.115.161.205.static.gvt.net.br:8080 189.3.177.146:8080 189.3.47.146:3128 189.3.50.34:3128 196.12.52.2:80 196.38.158.197:80 201.45.216.115:3128 201.73.223.150:8080 202.51.105.10:3128 202.51.107.37:8080
Read more

OPERATION OF STENO PHONE

-
OPERATION OF STENO PHONE 1 EXTENSION WANTS TO TALK TO MAIN STATION Lift the handset at ext. and depress the call push button, buzzer at main station will ring after lifting the handset at main station and by throughing the key at main station to right side, ext can talk with main station. 2 MAIN STATION WANT TO TALK TO EXTENSION Main station through the key towards the right side and depress the pushbutton, the buzzer will ring at ext. Main station can talk with ext when handset is lifted at the ext. 3 INCOMING CALL DURING CONVERSATION BETWEEN MAIN AND EXTENSION The exchange call can only be received at the main station by throughing the key to the middle position, main can talk with exchange. INCOMING CALL 4 MAIN STAION WANTS TO HOLD THE INCOMIN CALL AND CONSULT THE EXTENSION Main station press the pushbutton and through the key again towards the right. 5 MAIN STATION WANTS TO CALL AGAIN WITH EXCHANGE Through the key again back in middle position. 6 EXTENSION WANTS TO GET THE EXCHANG
Read more