The Policy, Finance, and Administration Committee (PFAC), formerly known as the Finance and Administration Committee, was established as a result of the first INTOSAI Strategic Plan approved by the XVII INCOSAI in Budapest, Hungary in 2004. SAI of Saudi Arabia holds the position of the Chair of PFAC, and by default, the Second Vice-Chair of the INTOSAI Governing Board (GB)as per para (5) of Article (7) of INTOSAI Statues. The PFAC includes nine other members:the Chair and the first Vice-Chair of the Governing Board, the three other Goal Committees Chairs, the Secretary General, the past Chair of GB, and the Heads of SAIs responsible for International Journal of Government Auditing and INTOSAI Development Initiative. SAI of the United States of America is the Vice-Chair of the PFAC.

PFAC aims to maximize the value of INTOSAI both to its member SAIs and as an international organization. PFAC intends to align the whole of INTOSAI’s organization and operations with the GoalCommittees and Cross-Cutting Priorities. And our purpose is to organize and govern INTOSAI in ways that promote economical, efficient, and effective working practices, timely decision-making, and effective governance practices, while maintaining due regard for the autonomy of the seven INTOSAI regional bodies, balance, and the different models and approaches of member SAIs. .”

The PFAC Chair reports annually to the INTOSAI Governing Board on progress toward the objectives of the INTOSAI Strategic Plan. Consequently, it takes the necessary initiatives to ensure the effectiveness of INTOSAI’s performance management efforts, coordinating these efforts, and guaranteeing their alignment with the Strategic Plan. The PFAC documents this progress and manages INTOSAI’s performance though the Performance and Accountability Report (PAR) and identifies key issues for consideration by the Governing Board. The PAR is executed every triennial period instead of annually this was amended to ensure that the three years of the strategic plan are attained.

As indicated earlier, the PAR identifies key issues for consideration by the GB. This is a critical component of INTOSAI’s success which stems from the guidance provided by the GB. Seven key issues were identified from 2017-2018 PAR, and an additional five issues were included in the 2017-2019 PAR. Progress on these issues was made through a variety of initiatives since the 2018 GB meeting. There is, however, still work remaining and they remain relevant for continued attention by the GB. Among of which the use of accumulated surplus INTOSAI funds is to facilitate progress in the achievement of INTOSAI’s mission and strategic plan. The PFAC leadership and General Secretariat propose removing the item on the use of the accumulated surplus as the proposed triennial budget and related proposed changes to the INTOSAI Statutes would facilitate the release of EUR 400,000 in surplus funds to the four Goal Chairs during the period 2020-2022.

The Policy, Finance and Administration Committee is responsible for other additional bodies:

-Task Force on Strategic Planning :

The Task Force on Strategic Planning is assembled at the discretion of the Governing Board at the beginning of each strategic planning cycle and is responsible for developing the INTOSAI Strategic Plan. Based on the direction of the Governing Board, the development of the strategic plan may be conducted under the auspices of the PFAC. It is chaired by the SAI of the United States of America

-INTOSAI-Donor Cooperation Steering Committee

The INTOSAI–Donor Cooperation (IDC) was established in 2009 through a Memorandum of Understanding between INTOSAI and donor communities recognizing their shared goals of ensuring accountability, transparency, good governance, and sound utilization of public funds in partner countries. The Cooperation is an essential element of support for SAI capacity development. The PFAC has a central responsibility within INTOSAI for maintaining and administering the IDC with its secretariat. IDC is managed by the IDI’s International Foundations Unit and donor leadership, which are chaired by the World Bank.In doing so, the PFAC provides INTOSAI’s policy direction to the INTOSAI–Donor Cooperation.

The PFAC also seeks to raise awareness among SAIs of the INTOSAI–Donor Cooperation, enhance access to the Cooperation to improve SAI capacity development, and more generally, champion the principles articulated in the 2009 MOU. There have been countless success stories from SAI’s who reached for support to develop and build their professional capacity. Since IDC inception, the cooperation was able to aid around 170 SAIs. To ensure this cooperation to be viable, the cooperation leadership has approved a 10-year strategy to be commenced from 2020.

The 10 years strategy will continue to scale up support to SAI’s and enhance their capacity building, Independence, transparency, professionalism, Governance, Partnership, and the Sustainable Development Goals.
Forging ahead, PFAC will continue its effort to maintain and administer the INTOSAI Goal Committees and Crosscutting Priorities in means that serves the interests of INTOSAI members. Additionally, PFAC will persist to focus on facilitating the success of the IDC. Consequently, IDC leadership will endeavourits ultimate best to arrange top cooperation plans to aid the SAI’s capacity effort.