COUNTRY: Puntland State of Somalia (PSS)
NAME OF PROJECT: Somalia Domestic Revenue Mobilization and Public Financial Management Capacity Strengthening Project – Phase II PROJECT ID: P151492 Grant No.: TF-A0388
Assignment Title: Terms of Reference (TOR) for Financial Specialist for Public Accounts Committee, Puntland House of Rep-resentatives
Place of assignment: Garowe, Puntland, Somalia
The members of the Public Accounts Committee of Puntland House of Representatives (HOR)
are voted by the House for one term. The committee consist of 7 members from different
background and professions. Article 62 of the Rules of Procedure of Parliament mandates the
PAC with the responsibility for the overall economic financial and oversight of the public funds.
The overall PFM reform objective of the Government is “to improve the efficiency and
effectiveness of public financial management processes, and systems in order to provide timely,
transparent and accurate financial information across the public sector to underpin policy
formulation and inform Government decision making in support of service delivery”. The Public
Accounts Committee (PAC) in Puntland Parliament is key to ensure compliance with Financial
Regulations to maintain transparency and accountability. The Public Accounts Committee
examines the audited financial statements and reports to Auditor General and other financial
reports from Ministry of Finance.