The World Bank Report No: ISR14726 Implementation Status & Results Maldives Capacity Development Support for Auditor General's Office, Maldives (P132309) Public Disclosure Copy Operation Name: Capacity Development Support for Auditor General's Office, Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 19-Nov-2014 Maldives (P132309) Country: Maldives Approval FY: 2013 Product Line: Institutional Development Fund Region: SOUTH ASIA Lending Instrument: Implementing Agency(ies): Auditor Generals Office Key Dates Board Approval Date 22-Oct-2012 Original Closing Date 25-Mar-2016 Planned Mid Term Review Date 10-Mar-2015 Last Archived ISR Date Effectiveness Date 25-Mar-2013 Revised Closing Date 25-Mar-2016 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from IDF Proposal) The project development objective is to enhance the scope and impact of audit services provided by the Auditor General's Office (AGO) of the Government of Maldives (GOM). Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Audit Planning and Human Resources (HR) Management 165290.00 Financial Statement Audits 295280.00 Performance Audits 161160.00 Enhance audit impact by strengthening communication strategy and modernizing legislative 128270.00 framework Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Substantial Implementation Status Overview Project has made significant progress in implementing all 4 components of the project. A comprehensive activity plan for 2014 had been prepared to provide realistic estimates to manage and control the work of AGO representing a significant enhancement to the annual audit planning by AGO. For the first time five financial audits aligned with the International Page 1 of 3 The World Bank Report No: ISR14726 Standards of Supreme Audit Institutions (ISSAI) have already been completed and reported to Parliament. To improve the impact of audit, AGO has begun the practices of issuing press briefings on its audit reports, and publishing a monthly newsletter. Public Disclosure Copy Locations No Location data has been entered Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of Financial Audits aligned with ISSAIs Number Value 0.00 5.00 9.00 and reported to Parliament. Date Comments Number of Performance audits aigned with Number Value 0.00 0.00 3.00 ISSAIs and reported to Parlaiment Date Comments 4 pilot performance audits identified, including 2 to be reported to Parliament by October 31, 2014 Legislative amendments to Audit Act (2007) Text Value No Amendments Initial analysis of necessary Legislative amendments to and the rules thereunder are endorsed by AGO amendments to Audit Act and Audit Act (2007) and the rules and put up to Parliament. rules completed there under drafted and approved by the AGO and tabled in Parliament Date Comments Data on Financial Performance (as of 09-Sep-2014) Financial Agreement(s) Key Dates Public Disclosure Copy Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P132309 TF-13524 Effective 08-Feb-2013 25-Mar-2013 25-Mar-2013 25-Mar-2016 25-Mar-2016 Disbursements Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P132309 TF-13524 Effective USD 0.75 0.75 0.00 0.50 0.25 66.00 Disbursement Graph Page 2 of 3 The World Bank Report No: ISR14726 Public Disclosure Copy Key Decisions Regarding Implementation - Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3