Public Financial Management Improvement Plan
The Financial Policy Assurance Unit is responsible for the formulation of financial policies and procedures and provides advisory services on matters related to the financial management and reporting at Whole of Government level. The unit is guided by the Financial Management Act 2004, Finance Instructions 2010, Procurement Regulations 2010 and any other subsidiary legislations or regulations related to financial management and international standards on accounting and auditing in the public sector.
The key role of the unit is the co-ordination of the Public Financial Management Improvement Plan that includes the review of the Financial Management Act 2004.