The 3rd Technical Advisory Group Meeting of IBFCR projectDec 27, 2017
The 3rd Technical Advisory Group (TAG) meeting of Inclusive Budgeting and Financing for Climate Resilience (IBFCR) Project was held on 27th December 2017 at the Conference Room of Finance Division, Bangladesh Secretariat with Mr. Shahabuddin Ahmed, Additional Secretary, Finance Division and National Project Director (NPD) of IBFCR project in the chair.
In his opening remarks, the chair explained the purpose of the meeting and said that IBFCR project, as part of its agenda of strengthening climate finance governance, has taken up the agenda to propose to the Office of the Comptroller and Auditor General(OCAG) to embed climate dimension in its standards, guidelines, and manuals which govern its audit functions. In line with this agenda, IBFCR project has prepared the following documents: (i) Proposed Addenda to Include Climate Dimension in Government Auditing Standards, Audit Code and Performance Audit Manual, (ii) Proposed Generic Criteria for Climate Performance Audit, and (iii) Proposed Guidelines for Planning Climate Performance Audit embedding climate dimension which would presented today for discussion and clearance. He requested the members to actively take part in the in the discussion that will take place after the slide presentation highlighting the basic features of the documents. The chair’s opening remarks was followed by a brief discussion on the background of the task.
While tracing the background, Mr. Ranjit Kumar Chakraborty, the Project Manager (PM) of IBFCR Project said that effective discharge of the OCAG’s oversight obligations in respect of climate finance, requires changes in the approach of audit while strengthening its institutional and professional capacity. In conducting audits, the auditors follow the Codes, Standards, Manuals, and Guidelines adopted and issued by OCAG. However, as these documents were prepared much long ago when the climate change issue did not come into sharper focus as it does today, they did not provide any guidance on how to address it while carrying out audit of different development projects/programs. Since climate change is a topical issue for us, climate finance of the Government needs to be overseen by OCAG with a climate lens. Bearing in mind this context, the project undertook the task of working out the changes required in the existing guiding documents to make them climate change inclusive.
After the opening remarks of NPD and PM, the consultants presented in brief the contents of the documents which evoked lively discussion among the participants. After detailed discussion, the TAG meeting cleared the documents for onward submission to OCAG for acceptance and approval subject to incorporation of changes suggested by the members.