Court of Accounts of the Republic of Moldova

World Bank


"Strengthening the Capacity of the Court of Accounts of the Republic of Moldova" Project

On August 14, 2013 the Republic of Moldova in the person of the Minister of Finance has signed with the International Development Association ("World Bank") the grant agreement no. TF 014332 on funding the support project by technical assistance for Strengthening the Capacity of the Court of Accounts. The grant agreement represents the assistance for continuing the activities carried out under the previous project "Strategic Development of Court of Accounts" supported by the World Bank and implemented during 2007-2011.

The Grant goal is to enhance public external audit function in Moldova, by increasing the efficiency of audit and strengthening the capacity of the Court of Accounts. One of the purposes of the grant is to support the Court of Accounts, together with other development partners, in implementing the new Strategic Development Plan objectives set for the years 2011-2015.

The goal of the grant will be achieved by activities aimed at:

  • developing and implementing new methodologies for financial and performance audits of the state budget, the state social insurance budget and compulsory health insurance funds, following several recent reforms carried out by the Government;
  • strengthening human resources and performance systems for effective development and involvement of human resources in audit engagements;
  • enhancing the capacity to perform effective audit of information technology systems (IT) and obtaining specialized skills to conduct other types of IT audits, and
  • developing the quality сontrol systems.

Special emphasis is placed on further development of the capacity of the Court of Accounts to carry out performance and IT audits, as this is particularly important in the context of multiple government programs being implemented in Moldova, such as social security programs, ICT programs, road safety, etc. where ordinary financial /compliance audit findings are not sufficient to condition the change of the program, and the elements of economy, efficiency and effectiveness need to be explicitly addressed under a different type of audit. This is also highlighted by the financial crisis, which imposed budgetary constraints in many countries and revealed the importance of effective public spending. Performance audits require the formation of specialized skills needed in view of the specific characteristics of each sector, and the project will focus, inter alia, on such activities.