We have just published our fourth quarterly report for the 2021–22 financial year.
Current and past reports are available on our Quarterly Reports page.
Engaging stakeholders key to creating audit impact
Auckland, New Zealand: The Pacific Association of Supreme Audit Institutions (PASAI) is delivering a workshop on Effective Stakeholder Engagement under its Communications Programme. Forty staff (24 female, 16 male) from public audit offices in FSM National, FSM Pohnpei, FSM Yap, Guam, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu and Vanuatu will participate in three part-day workshops from 19 to 20 and 22 July 2022.
PASAI has developed the course to strengthen organisational capability to effectively engage, communicate and improve relationships with key stakeholders including citizens, civil society organisations (CSOs), and the legislative, executive and judicial branches of government.
PASAI Consultant, Gurdip Bhambra, is leading the workshops having worked with many SAIs internationally including in the Pacific. He is formerly of the National Audit Office of the United Kingdom.
Mr Bhambra explained, “The course focuses on how to effectively engage with stakeholders to communicate audit objectives, findings and recommendations to all stakeholders.
“We will provide participants with the resources to enable their stakeholders to gain an increased understanding of the role and responsibilities of the SAI as an independent auditor of the public sector,” he said.
PASAI Director Monitoring, Evaluation and Reporting, Annie Subactagin-Matto, added, “This workshop aims to improve SAI PMF scores for Domain F: Communication and Stakeholder Management, and to achieve greater impact and visibility of a SAI's work and demonstrate its value to the lives of citizens in the Pacific."
The PASAI Stakeholder Engagement Toolkit will be launched during the course. It and other supplementary material containing relevant templates and processes are to guide participants in effectively communicating with different stakeholder groups.
The workshops will include guest speakers from regional audit offices and PASAI staff who will share experiences, explain best practice examples and facilitate discussion among participants.
PASAI acknowledges the support of the New Zealand Ministry of Foreign Affairs and Trade (MFAT) and the Australian Department of Foreign Affairs and Trade (DFAT).
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Contact information:
Esther Lameko-Poutoa, Chief Executive PASAI, Auckland, New Zealand
E: secretariat@pasai.org P: +64 9 304 1275
PDF version of this media release
SAI FSM National releases final audit on the FSM Petro-Corp
15 July 2022
Palikir, Pohnpei: The Office of the National Public Auditor (ONPA) releases its final audit on the FSM Petro-Corp entitled “Deficiencies Noted Reflect the Need to Improve Enterprise-Wide Risk Management.”
This is to announce that we have completed the performance audit on the FSMPC (the Corporation) covering fiscal years 2019 to 2021. The audit primarily focused on processes of governance, internal controls, risk management and selected operations of the Corporation. This report presents the results of our audit, which was conducted in accordance with Generally Accepted Government Auditing Standards (GAGAS).
Based on our audit, we found the following issues that the management should address:
Outdated risk management procedure and no central monitoring of enterprise-wide
risks;
Procurement Manual remains in draft since 2018 & does not contain procedures for
procuring fuel & lubricants; and
Inconsistent documentation of minutes of meetings of the Board Committee for Risk
and Audit.
Printed copies of Report 2022-04 are also available at the ONPA located in Palikir, Pohnpei.
SAI FSM National releases report on the Renewable Energy Development Project
12 July 2022
Palikir, Pohnpei: The Office of the National Public Auditor (ONPA) releases its final reports on the Financial Audit of the Financial Statements for Asian Development Bank (ADB) Renewal Energy Development Project (REDP) - Grant Number 0680-FSM(SF).
This is to announce the issuance of our new audit reports as the result of our audit of the financial statements of the ADB project mentioned above for the period December 03, 2019 to September 30, 2021. This audit was conducted in accordance with the Generally Accepted Government Auditing Standards (GAGAS).
View the full reports and communication below:
Auditing Financial Statements and Independent Auditors’ Reports
Communication to those charged with Governance
Printed copies are also available at the ONPA located in Palikir, Pohnpei.
