People's Republic of Bangladesh - Revenue Mobilization Program for Results : VAT Improvement Program

In accordance with the Bank s OP/BP 9.0 an Integrated Fiduciary Systems Assessment (IFSA) was carried out to determine whether the fiduciary systems pertaining to the Program provide reasonable assurances that the Program funds will be used for their intended purpose. The IFSA comprised an assessment of the fiduciary risks relating to: (a) procurement; (b) financial management; and (c) governance (including fraud and corruption risks) of the implementing agency (the VAT Wing of NBR) which accounts for 95 percent of the Bank-supported Program financing over the next five years. An additional 5 percent of funds will be spent through the ERD as the coordinating agency and the agency responsible for hiring the third party entity for independent verification and reporting to the World Bank. For disbursement purposes, the Bank retains the right to make the final decision whether DLIs have been achieved or not. The conclusion of the IFSA is that the overall fiduciary framework is high risk, but with risk mitigating measures, it is adequate to support Program implementation and to achieve the desired results.

Bibliographic Details

Main Author:	World Bank
Format:	Integrated Fiduciary Assessment biblioteca
Language:	English en_US
Published:	Washington, DC 2014-04
Subjects:	ACCOUNT, ACCOUNTABILITY, ACCOUNTANT, ACCOUNTING, ACCOUNTING STANDARDS, ACCOUNTING TREATMENT, ACTION PLAN, ADMINISTRATIVE PROCESS, ANTI-CORRUPTION, ANTI-MONEY LAUNDERING, APPLICATION SOFTWARE, ASSET MANAGEMENT, ASSETS, AUDIT OFFICE, AUDIT REPORTS, AUDITING, AUDITOR, AUDITORS, AUTOMATION, BEST PRACTICES, BID DOCUMENTS, BIDDING, BILLS, BRIBERY, BUDGET ALLOCATIONS, BUDGET IMPLEMENTATION, BUDGET MANAGEMENT, BUDGETARY ALLOCATION, BUDGETARY ALLOCATIONS, BUDGETING, CAPACITY BUILDING, CAPITAL EXPENDITURES, CAPITAL INVESTMENTS, CASH SHORTAGES, CERTIFICATES, CHART OF ACCOUNTS, CIVIL SERVANT, CIVIL SERVANTS, COLLUSION, COLLUSIVE PRACTICE, COMMERCIAL BANK, COMMUNICATION STRATEGY, COMPETITIVE BIDDING, COMPLAINT, COMPLAINTS, CONTRACT AWARD, CONTRACT MANAGEMENT, CONTRACTORS, CORRUPT, CORRUPT PRACTICES, CORRUPTION, CORRUPTION LAWS, CORRUPTION PERCEPTION, CORRUPTION PERCEPTION INDEX, CORRUPTION PREVENTION, COST ESTIMATES, CPI, CRIMINAL, CRIMINAL JUSTICE, CUSTOM, CUSTOMIZATION, CUSTOMS, DEPENDENT, DEPOSIT, DEPOSITS, DISBURSEMENT, DISBURSEMENT ARRANGEMENT, DISBURSEMENT ARRANGEMENTS, DISBURSEMENTS, DISPOSITION, E-GOVERNMENT, E-PAYMENT, E-PROCUREMENT, ELECTRONIC FILING, EQUIPMENT, EXISTING LAW, EXPENDITURE, EXPENDITURE CATEGORIES, FAIR COMPETITION, FIGHT AGAINST CORRUPTION, FINANCIAL INFORMATION, FINANCIAL MANAGEMENT, FINANCIAL MANAGEMENT SYSTEMS, FINANCIAL REPORTING, FINANCIAL REPORTS, FINANCIAL STATEMENT, FINANCIAL STATEMENTS, FINANCIAL SUPPORT, FINANCIERS, FIXED ASSET, FIXED ASSETS, FLOW CHART, FOREIGN EXCHANGE, FRAUD, FRAUDULENT CLAIMS, FUNCTIONALITY, GOVERNMENT BANK, GOVERNMENT ORGANIZATIONS, HARDWARE, ICT, IMPLEMENTATION PERIOD, IMPLEMENTATIONS, IMPLEMENTING AGENCIES, IMPLEMENTING AGENCY, INCOME TAX, INDEPENDENT AUDITOR, INFORMATION DISSEMINATION, INFORMATION SYSTEM, INSPECTION, INSPECTIONS, INSTALLATION, INSTITUTIONALIZED CORRUPTION, INSURANCE, INTEGRITY, INTERNAL AUDIT, INTERNAL AUDITORS, INTERNAL AUDITS, INTERNATIONAL CONSULTANTS, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INVESTIGATION, INVESTIGATIONS, JUDGE, JUDICIAL INVESTIGATION, JUDICIAL SYSTEM, JUDICIARY, JUSTICE, JUSTICE SYSTEM, LAW ENFORCEMENT, LAWS, LAWYERS, LEGAL FRAMEWORK, LEGAL PRACTITIONER, LOAN, LOAN REPAYMENTS, MAKING PAYMENTS, MANAGEMENT SYSTEM, MANDATE, MATERIAL, MINISTER, MONEY LAUNDERING, MUTUAL LEGAL ASSISTANCE, NATIONAL BUDGET, NEGOTIATIONS, NETWORKS, OPERATING SYSTEMS, PARLIAMENTARY OVERSIGHT, PENALTIES, PERCEPTION OF CORRUPTION, PERFORMANCE INDICATOR, PERFORMANCE INDICATORS, POLITICIANS, PROCUREMENT, PROCUREMENT LAW, PROCUREMENT PLAN, PROCUREMENT PLANS, PROCUREMENT POLICY, PROCUREMENT PROCEDURES, PROCUREMENT PROCESS, PROCUREMENT PROCESSES, PROCUREMENTS, PROJECT MANAGEMENT, PROSECUTION, PROSECUTORS, PROTOCOLS, PUBLIC FUNDS, PUBLIC MONEY, PURCHASING, RECURRENT COSTS, REGULATORY FRAMEWORK, REMEDIES, RESULT, RESULTS, RETENTION, SALARY, SERVERS, STANDARD PROTOCOL, STANDARDIZATION, SUPERVISION, SUPPLY CHAIN, TARGETS, TECHNICAL ASSISTANCE, TECHNICAL ASSISTANCE PROJECT, TECHNICAL EXPERT, TECHNICAL EXPERTS, THIRD PARTY ENTITY, TIME FRAME, TRANSACTION, TRANSPARENCY, TRIAL, TROUBLE SHOOTING, TRUST FUND, USES, VERIFICATION, WEB,
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19791695/bangladesh-program-results-integrated-fiduciary-system-assessment http://hdl.handle.net/10986/20060
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