Unique knowledge products developed by IACOP serve as reference materials on best practice across the world. Since 2013, five thematic working groups have been established within IACOP which provide additional opportunities to member countries for addressing priority challenges and serve well in the absence of documented best international practice in the area of public sector internal audit. The knowledge products summarizing best practice are a result of an exchange of ideas, experience and knowledge between IACOP member countries.
PEMPAL Internal Audit COP (IACOP) has achieved impressive results by promoting the internal audit function across PEMPAL countries. The community has developed special working methods along with its own strong internal culture established. Indeed, IACOP has its own set of values such as professionalism, commitment to reforms, and a pledge to share knowledge and experience with the community (a professional family of colleagues), as well as trust, unity and respect for diversity among its 23 member countries.
PEMPAL Success Stories: IACOP - THE SECRET OF SUCCESS
Participation in PEMPAL events contributed to the development of the draft Public Finance Management Development Strategy in the Kyrgyz Republic for 2016-2025. During PEMPAL events we reviewed budget legislation provisions of Russia, Kazakhstan, Georgia and other countries. We also benefited from information from Austria on the Parliament’s role in the budget process, and from South Africa on their budget processes, procedures and regulatory framework. All this contributed to the development of the Budget Code of the Kyrgyz Republic, which was passed by the Parliament of the Kyrgyz Republic in April 2016.
PEMPAL Success Stories: KYRGYZSTAN
Involvement in PEMPAL has been an essential tool in the development of Albania's PFM Strategy in particularly to progress reforms that resulted in normative acts to support payment of taxes through an automated treasury IT system, and the establishment of e-taxation. This also included development and revision of normative acts on Albania’s procedures of closing accounting period; VAT; e-payments and customs automation. Experience gained by the experts of the Ministry of Finance of Albania during the PEMPAL events provided a substantial contribution into implementation of these reforms.
PEMPAL Success Stories: ALBANIA
The Republic of Belarus joined the PEMPAL network in the early years of its establishment, gradually deepening its engagement since 2010. During 2010-12 Belarus chaired the BCOP proactively contributing to reinvigorating the “life” back into the ownership of BCOP by members in managing the community’s events. Senior management of the Belarus Ministry of Finance views PEMPAL as a useful platform for exchange of experiences between the PFM practitioners of the network.
PEMPAL Success Stories: BELARUS
Representatives of the Russian Federation hold positions in all three PEMPAL COP Executive Committees and its Ministry of Finance has been a key donor to PEMPAL since 2010 illustrating the value it sees in the network. It uses the network to access the latest in international and regional trends and practices and has established valuable relationships with peers and practitioners from across the region to provide a pool of experts from whom to seek advice and support in its reform program.
PEMPAL Success Stories: RUSSIA
The topic of ‘fiscal transparency and accountability’ was first chosen as a priority in 2013 by the PEMPAL Executive, which is represented by senior government levels from 16 of the 21 member countries in the three thematic COPs of budget, treasury and internal audit. The topic was chosen due to its relevance to central finance agencies and its potential to improve governance. A Budget Literacy and Transparency Working Group was formed in 2015 to learn from international experience with raising budget literacy among citizens and budget openness and accessibility.
PEMPAL Success Stories: Fiscal and Budget Transparency
Georgia Ministry of Finance has been actively using PEMPAL to advance reforms in public financial management since 2012. Georgia used PEMPAL as a valuable resource in the design and implementation of an integrated FMIS. Nino Tchelishvili, Deputy Head of the Treasury Service of Georgia: "PEMPAL has been used by the Georgian MoF as a source of treasury related international standards and norms, backed up with advice and experience on regional practical implementation. It is a valuable tool that I use for both my personal and professional development, and the advancement of PFM reforms in my organization."
PEMPAL Success Stories: GEORGIA
Moldova first joined PEMPAL in 2006, at a stage when its internal audit and internal control reforms had only just started implementation, when people from the public administration had ideas about such reforms only from theoretical knowledge gained in universities. Now in 2016, Moldova has its own good national practices and already established processes, including laws, regulations and other procedures that have benefited from peer-to-peer advice and practical knowledge from other PEMPAL countries.
PEMPAL Success Stories: MOLDOVA
Use of Information Technologies in Treasury Operations is one of the topics of priority interest for the TCOP members. In 2013 a dedicated thematic group was established, enabling deeper and more regular discussions on specific issues for the interested members from 10 TCOP countries. The group puts an emphasis on studying member country experiences as well as best international practices, with particular focus on practical lessons learnt from implementation of FMIS and live demonstrations of the systems’ functionality.
PEMPAL Success Stories: Use of IT in Treasury Operations