Malawi joins ranks of SAIs trained on PFM Reporting Tool Framework
In partnership with the GIZ GFG in Africa Programme, we continue to roll out the Public Financial Management Reporting Framework (PFM RF). So far, we have rolled it out in 14 countries, and Malawi has now become the 15th country to join the ranks. In November 2021, a team of auditors from SAI Malawi were trained on the application of the tool.
The PFM RF is a diagnostic excel based assessment tool that allows auditors to audit the entire PFM system along the budget cycle. It enables SAIs to make a meaningful contribution towards realising the SDGs as well as ensuring the resilience of a country’s PFM system for disasters.
In addition to training SAI Malawi staff on the PFM RF and its implementation, we also briefed stakeholders, such as core PFM institutions (Ministry of Finance, Malawi Revenue Authority and Parliament) and selected Ministries on the tool. The stakeholders welcomed the initiative of Malawi NAO to implement the PFM RF, as a significant value addition to the country’s PFM system. These activities were implemented in close liaison with and continuous support from the bilateral GIZ Programme “ Strengthening Public Financial and Economic Management (PFEM)” in Malawi
Learn more about the PFM Reporting Tool Framework here: https://pfmreporting-tool.com/