Crown Accounting Division

 

Management of Crown Accounting in relation to co-ordination of financial reporting of the Crown consolidated Accounts and line Ministries/Crown Agencies monthly accounts.Including reviewing and monitoring of expenditure of Ministries/Crown Agencies ensuring that they are in line with the MFEM Act.

Policy Outcome/NSDP Goal

  • Reporting of financial information to Government, Heads of Ministries and the public is comprehensive and easy to comprehend at various levels of knowledge.

Deliverables

  • Improved and more appropriate financial information provided to Government.
  • Greater understanding of the state of public finances by all stakeholders.
  • Greater availability of past and up to date financial information available to the public via MFEM website.

2016-17

  • Phase 2: Financial Management Information - Redefine business process where applicable.
  • Transition MFEM - Treasury to the new system.
  • Enhance content and timeliness of Quarterly Reports to stakeholder requirements.
  • Support Professional Development of staff wh meet the criteria for becoming Chartered Accountants.
  • Centralisation of Finance functions improves Financial Management and creates a stronger centre of excellence in Treasury.
  • Internal Audit function in place, identifying procedural weaknesses.
  • Support Team introduced to develop Financial Systems, assist Agencies meet financial obligations and respond to identified weaknesses.
  • Centralised FMIS solution implementation starts.

2017-18

  • Phase 3: Transition Rarotongan based Ministries & Crown Agencies to the new system.
  • Support Professional Development of staff who meet the criteria for becoming Chartered Accountants.
  • Centralisation of Finance functions improves Financial Management and creates a stronger centre of excellence in Treasury.
  • Internal Audit function in place, identifying procedural weaknesses.
  • Support Team involved to develop Financial Systems, assist Agencies meet financial obligations and respond to identified weaknesses.
  • Centralised FMIS solution implementation rollout continues.

2018-19

  • Phase 4: Transition of Pa Enua into the new system.
  • Support Professional Development of staff who meet the criteria for becoming Chartered Accountants.
  • Internal Audit function in place, identifying procedural weaknesses.
  • Support Team involved to develop Financial Systems, assist Agencies meet financial obligations and respond to identified weaknesses.
  • Centralised FMIS solution implementation complete.

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