The Royal Audit Authority (RAA) conducted the audit with an audit objective to determine the existence, adequacy, and effectiveness of controls in Public Expenditure Management System (PEMS) in relation to public financial management. The audit also aimed to identify potential security risks that might open vulnerabilities in the system The RAA noted certain improvements brought about in public financial management with the introduction of PEMS in terms of improved efficiency in preparing the Annual Financial Statements of the Royal Government and contributed towards bringing certain consistency in reporting between Department of Public Accounts (DPA) and budgetary agencies. Moreover, mobility of the system was also achieved as the system is now available online as opposed to earlier legacy system.