Peru : Country Financial Accountability Assessment
This Country Financial Accountability Assessment (CFAA) report, looks exclusively at Peru's public sector financial accountability arrangements, and, its primary aim is to assess strengths, and weaknesses, as they relate to the use of Bank fun...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/02/2454424/peru-country-financial-accountability-assessment http://hdl.handle.net/10986/15284 |
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okr-10986-15284 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FINANCIAL ADMINISTRATION PUBLIC FINANCE FINANCIAL MANAGEMENT NON-LENDING SERVICES BANK LENDING STRATEGY FISCAL ADMINISTRATION PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL LEGAL FRAMEWORK BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS FISCAL MANAGEMENT ALLOCATION OF RESOURCES PARLIAMENTARY PROCEDURE EXECUTIVE POWER AUDIT OF ACCOUNTS AUDITING STANDARDS CASH MANAGEMENT MONITORING CRITERIA REPORTING SYSTEMS ACCOUNTING STANDARDS ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTING STANDARDS ACCOUNTS ANNUAL REPORT ANTI- CORRUPTION ANTI-CORRUPTION AUDIT OFFICES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITORS AUDITORS OPINIONS AUDITS AUTHORITY BUDGET CONTROL BUDGET EXECUTION BUDGET PROCESS BUDGETING CASH MANAGEMENT CENTRAL GOVERNMENT CENTRAL GOVERNMENT SPENDING CITIZENS CONSTITUTION CORRUPTION COST OVERRUNS DECENTRALIZATION DECISION MAKING DECREES DEMOCRACY DEMOCRATIC REGIMES ELECTED OFFICIALS EMBEZZLEMENT ETHICS EXECUTING AGENCIES EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL ADMINISTRATION FINANCIAL AUTONOMY FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SYSTEM FISCAL GOVERNMENT AUDITING GOVERNMENT ENTITIES GOVERNMENT OFFICIALS HOUSING INSTITUTIONAL ARRANGEMENTS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERVENTION LAWS LEGALITY LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATURE LINE MANAGERS LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MEDIA MINISTERS MINISTRIES OF DEFENSE MODERNIZATION OF THE STATE MUNICIPAL ADMINISTRATION MUNICIPALITIES NATIONAL BUDGET NATIONS POLITICIANS PRIVATIZATION PROCEEDS PROCUREMENT PROVISIONS PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC FUNDS PUBLIC MANAGEMENT PUBLIC OFFICIALS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SPENDING REGULATORY SYSTEM REPORTING REPORTING SYSTEMS RISK MANAGEMENT SOCIAL ASSISTANCE SOCIAL SECURITY SOCIAL SERVICES STATE ASSETS STATE ENTERPRISES STATE SECURITY TAXATION TRANSPARENCY TRANSPARENT GUIDELINES |
| spellingShingle |
FINANCIAL ADMINISTRATION PUBLIC FINANCE FINANCIAL MANAGEMENT NON-LENDING SERVICES BANK LENDING STRATEGY FISCAL ADMINISTRATION PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL LEGAL FRAMEWORK BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS FISCAL MANAGEMENT ALLOCATION OF RESOURCES PARLIAMENTARY PROCEDURE EXECUTIVE POWER AUDIT OF ACCOUNTS AUDITING STANDARDS CASH MANAGEMENT MONITORING CRITERIA REPORTING SYSTEMS ACCOUNTING STANDARDS ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTING STANDARDS ACCOUNTS ANNUAL REPORT ANTI- CORRUPTION ANTI-CORRUPTION AUDIT OFFICES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITORS AUDITORS OPINIONS AUDITS AUTHORITY BUDGET CONTROL BUDGET EXECUTION BUDGET PROCESS BUDGETING CASH MANAGEMENT CENTRAL GOVERNMENT CENTRAL GOVERNMENT SPENDING CITIZENS CONSTITUTION CORRUPTION COST OVERRUNS DECENTRALIZATION DECISION MAKING DECREES DEMOCRACY DEMOCRATIC REGIMES ELECTED OFFICIALS EMBEZZLEMENT ETHICS EXECUTING AGENCIES EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL ADMINISTRATION FINANCIAL AUTONOMY FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SYSTEM FISCAL GOVERNMENT AUDITING GOVERNMENT ENTITIES GOVERNMENT OFFICIALS HOUSING INSTITUTIONAL ARRANGEMENTS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERVENTION LAWS LEGALITY LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATURE LINE MANAGERS LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MEDIA MINISTERS MINISTRIES OF DEFENSE MODERNIZATION OF THE STATE MUNICIPAL ADMINISTRATION MUNICIPALITIES NATIONAL BUDGET NATIONS POLITICIANS PRIVATIZATION PROCEEDS PROCUREMENT PROVISIONS PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC FUNDS PUBLIC MANAGEMENT PUBLIC OFFICIALS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SPENDING REGULATORY SYSTEM REPORTING REPORTING SYSTEMS RISK MANAGEMENT SOCIAL ASSISTANCE SOCIAL SECURITY SOCIAL SERVICES STATE ASSETS STATE ENTERPRISES STATE SECURITY TAXATION TRANSPARENCY TRANSPARENT GUIDELINES World Bank Peru : Country Financial Accountability Assessment |
| geographic_facet |
Latin America & Caribbean Peru |
| description |
This Country Financial Accountability
Assessment (CFAA) report, looks exclusively at Peru's
public sector financial accountability arrangements, and,
its primary aim is to assess strengths, and weaknesses, as
they relate to the use of Bank funds, particularly under
non-investment lending operations. It reviews the
legislative framework, relevant to the current reporting
environment; the application of appropriate accounting
standards, and reporting format, competency of financial
staff, and independent review of financial operations and
reports, and, the adequacy of financial management, as
implied in financial accountability, comprising cash
management, planning, control, and supervision of financial
operations. Findings and conclusions on the fiduciary
framework shows that, as shown by the independent
verification of the integrity function assigned under the
law to the Supreme Audit Institution (Contraloria General de
la Republica - CGR), is undermined by the Executive, through
limited funding of its program, while the history of reviews
by the CGR indicates a failure to effect, or supervise the
external control function in the Ministry of Defense.
Furthermore, audit findings reveal that neither the
Congress, nor the public is adequately informed on the state
of control in the executive branch, suggesting performance
auditing should be subject to a cost/benefit analysis, and
discussed openly with Congress. Although Peru is considered
exemplary in the application of public sector financial
management components, its fiduciary framework to support
non-investment lending should, however, comprise, in
addition to the existing controls, a plan to achieve a
strong supreme audit institution to support the extension of
the integrated financial management system to the ministries
of Defense and the Interior, to ultimately support the uses
of funds advanced, and, the external reporting on budget
execution should be made at the program level, in addition
to restoring the control over Budget to the Congress,
limiting the use of Emergency Decrees, and applying
transparent guidelines for approved budget funding. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Peru : Country Financial Accountability Assessment |
| title_short |
Peru : Country Financial Accountability Assessment |
| title_full |
Peru : Country Financial Accountability Assessment |
| title_fullStr |
Peru : Country Financial Accountability Assessment |
| title_full_unstemmed |
Peru : Country Financial Accountability Assessment |
| title_sort |
peru : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/02/2454424/peru-country-financial-accountability-assessment http://hdl.handle.net/10986/15284 |
| _version_ |
1764427360660094976 |
| spelling |
okr-10986-152842021-04-23T14:03:15Z Peru : Country Financial Accountability Assessment World Bank FINANCIAL ADMINISTRATION PUBLIC FINANCE FINANCIAL MANAGEMENT NON-LENDING SERVICES BANK LENDING STRATEGY FISCAL ADMINISTRATION PUBLIC EXPENDITURES BUDGET ANALYSIS BUDGET CONTROL LEGAL FRAMEWORK BUDGET LAW & LEGISLATION ANNUAL BUDGET REVIEWS FISCAL MANAGEMENT ALLOCATION OF RESOURCES PARLIAMENTARY PROCEDURE EXECUTIVE POWER AUDIT OF ACCOUNTS AUDITING STANDARDS CASH MANAGEMENT MONITORING CRITERIA REPORTING SYSTEMS ACCOUNTING STANDARDS ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTING STANDARDS ACCOUNTS ANNUAL REPORT ANTI- CORRUPTION ANTI-CORRUPTION AUDIT OFFICES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITORS AUDITORS OPINIONS AUDITS AUTHORITY BUDGET CONTROL BUDGET EXECUTION BUDGET PROCESS BUDGETING CASH MANAGEMENT CENTRAL GOVERNMENT CENTRAL GOVERNMENT SPENDING CITIZENS CONSTITUTION CORRUPTION COST OVERRUNS DECENTRALIZATION DECISION MAKING DECREES DEMOCRACY DEMOCRATIC REGIMES ELECTED OFFICIALS EMBEZZLEMENT ETHICS EXECUTING AGENCIES EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL ADMINISTRATION FINANCIAL AUTONOMY FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SYSTEM FISCAL GOVERNMENT AUDITING GOVERNMENT ENTITIES GOVERNMENT OFFICIALS HOUSING INSTITUTIONAL ARRANGEMENTS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERVENTION LAWS LEGALITY LEGISLATION LEGISLATIVE FRAMEWORK LEGISLATURE LINE MANAGERS LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MEDIA MINISTERS MINISTRIES OF DEFENSE MODERNIZATION OF THE STATE MUNICIPAL ADMINISTRATION MUNICIPALITIES NATIONAL BUDGET NATIONS POLITICIANS PRIVATIZATION PROCEEDS PROCUREMENT PROVISIONS PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC FUNDS PUBLIC MANAGEMENT PUBLIC OFFICIALS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SPENDING REGULATORY SYSTEM REPORTING REPORTING SYSTEMS RISK MANAGEMENT SOCIAL ASSISTANCE SOCIAL SECURITY SOCIAL SERVICES STATE ASSETS STATE ENTERPRISES STATE SECURITY TAXATION TRANSPARENCY TRANSPARENT GUIDELINES This Country Financial Accountability Assessment (CFAA) report, looks exclusively at Peru's public sector financial accountability arrangements, and, its primary aim is to assess strengths, and weaknesses, as they relate to the use of Bank funds, particularly under non-investment lending operations. It reviews the legislative framework, relevant to the current reporting environment; the application of appropriate accounting standards, and reporting format, competency of financial staff, and independent review of financial operations and reports, and, the adequacy of financial management, as implied in financial accountability, comprising cash management, planning, control, and supervision of financial operations. Findings and conclusions on the fiduciary framework shows that, as shown by the independent verification of the integrity function assigned under the law to the Supreme Audit Institution (Contraloria General de la Republica - CGR), is undermined by the Executive, through limited funding of its program, while the history of reviews by the CGR indicates a failure to effect, or supervise the external control function in the Ministry of Defense. Furthermore, audit findings reveal that neither the Congress, nor the public is adequately informed on the state of control in the executive branch, suggesting performance auditing should be subject to a cost/benefit analysis, and discussed openly with Congress. Although Peru is considered exemplary in the application of public sector financial management components, its fiduciary framework to support non-investment lending should, however, comprise, in addition to the existing controls, a plan to achieve a strong supreme audit institution to support the extension of the integrated financial management system to the ministries of Defense and the Interior, to ultimately support the uses of funds advanced, and, the external reporting on budget execution should be made at the program level, in addition to restoring the control over Budget to the Congress, limiting the use of Emergency Decrees, and applying transparent guidelines for approved budget funding. 2013-08-21T21:25:40Z 2013-08-21T21:25:40Z 2001-02 http://documents.worldbank.org/curated/en/2001/02/2454424/peru-country-financial-accountability-assessment http://hdl.handle.net/10986/15284 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Latin America & Caribbean Peru |