Pillar Six: Accounting and reporting
PI-27. Financial data integrity
Description
This indicator assesses the extent to which treasury bank accounts, suspense accounts, and advance accounts are regularly reconciled and how the processes in place support the integrity of financial data. It contains four dimensions and uses the M2 (AV) method for aggregating dimension scores.
Dimensions and scoring
| Score | Minimum requirements for scores |
|---|---|
27.1. Bank account reconciliation |
|
| A | Bank reconciliation for all active central government bank accounts takes place at least weekly at aggregate and detailed levels, usually within one week from the end of each week. |
| B | Bank reconciliation for all active central government bank accounts takes place at least monthly, usually within 4 weeks from the end of each month. |
| C | Bank reconciliation for all active central government bank accounts takes place at least quarterly, usually within 8 weeks from the end of each quarter. |
| D | Performance is less than required for a C score. |
27.2. Suspense accounts |
|
| A | Reconciliation of suspense accounts takes place at least monthly, within a month from the end of each month. Suspense accounts are cleared in a timely way, no later than the end of the fiscal year unless duly justified. |
| B | Reconciliation of suspense accounts takes place at least quarterly within two months from the end of each quarter. Suspense accounts are cleared in a timely way, no later than the end of the fiscal year unless duly justified. |
| C | Reconciliation of suspense accounts takes place annually, within two months from the end of the year. Suspense accounts are cleared in a timely way, no later than the end of the fiscal year unless duly justified. |
| D | Performance is less than required for a C score. |
27.3. Advance accounts |
|
| A | Reconciliation of advance accounts takes place at least monthly, within a month from the end of each month. All advance accounts are cleared in a timely way. |
| B | Reconciliation of advance accounts takes place at least quarterly within two months from the end of each quarter. Most advance accounts are cleared in a timely way. |
| C | Reconciliation of advance accounts takes place annually, within two months from the end of the year. Advance accounts may frequently be cleared with delay |
| D | Performance is less than required for a C score. |
27.4. Financial data integrity processes |
|
| A | Access and changes to records is restricted and recorded, and results in an audit trail. There is an operational body, unit or team in charge of verifying financial data integrity. |
| B | Access and changes to records is restricted and recorded, and results in an audit trail. |
| C | Access and changes to records is restricted and recorded. |
| D | Performance is less than required for a C score. |
