Dimension 27.1. Timing, coverage and data requirements

Time period Coverage Data requirements/calculation Data sources

At time of

assessment,

covering the

preceding

fiscal year

CG
  • Frequency of reconciliation of Treasury managed bank

    accounts.

  • Number of days from end of reconciled period to the date

    reconciliation is completed for Treasury managed bank

    accounts.

  • Frequency of reconciliation of government bank accounts not

    managed by Treasury

  • Number of days from end of reconciled period to the date

    reconciliation is completed for government bank accounts not

    managed by the Treasury

 

  • Treasury.

  • Accountant general.

  • SAI.

  • Central bank

*Note, the coverage for this dimension in the PEFA 2016 Framework document should be CG

 

Reconciliations are required on active accounts only, provided that the inactive accounts were reconciled while they were still active.

27.1:4. Reconciliation ‘at aggregate level’ means that the aggregate cash position of the government across all its accounts is reconciled with the central bank’s corresponding records.

27.1:5. While a Treasury single account facilitates the reconciliation process, a TSA is not required in order to score A on this indicator.

27.1.6: The coverage for this dimension is CG. In the first edition of the PEFA 2016 Framework document, the coverage is incorrectly mentioned as BCG

Dimension 27.2. Suspense accounts

DIMENSION MEASUREMENT GUIDANCE

27.2:1. This dimension assesses the extent to which suspense accounts, including sundry deposits/ liabilities, are reconciled on a regular basis and cleared in a timely way. Failure to clear suspense accounts can distort financial reports and provide an opportunity for fraudulent or corrupt behaviors.

27.2:2. When there are no suspense accounts, this dimension is NA

Dimension 27.2.Scoring

Score Minimum requirements for scores

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

The majority of payments are compliant with regular payment procedures. The majority of exceptions

are properly authorized and justified

D Performance is less than required for a C score

| PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA