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RAA launches the web-based portal for FRMAI

Commemorating the joyous occasion of 60th Birth Anniversary of the Fourth Druk Gyalpo Jigme Singye Wangchuck, the Royal Audit Authority today launches the web-portal for Financial Resources Management Accountability Index (FRMAI) Framework. The assessment using the Framework would enable the RAA in promoting good governance which is one of the four pillars of GNH, a development philosophy propounded by His Majesty the Fourth Druk Gyalpo. The launch of the web-portal is aimed towards sharing...

60th Birth Anniversary of His Majesty The Fourth Druk Gyalpo

མི༌དབང༌འབྲུག༌རྒྱལ༌བཞི༌པ༌ དཔལ༌འཇིགས༌མེད༌སེང༌གེ༌དབང༌ཕྱུག༌མཆོག༌ དགུང༌ལོ༌བཅུ༌ཕྲག༌དྲུག༌བཞེས༌པའི༌ འཁྲུངས༌སྐར༌དུས༌སྟོན༌ བརྩི༌སྲུང༌དང༌འབྲེལ༌ གུས༌བཏུད༌ཞུཝ༌ཨིན། In Celebrating the 60th Birth Anniversary of His Majesty The Fourth Druk Gyalpo Jigme Singye Wangchuck.


FINANCIAL RESOURCES MANAGEMENT ACCOUNTABILITY INDEX (FRMAI) - Vol I (An assessment tool to promote accountability in the use of public resources) Transparency and Accountability are generally and globally perceived to be the most important pillars of good governance. The RAA as part of its modest attempt to further promote and strengthen good governance has developed model for Financial Resources Management Accountability Index (FRMAI) concept to be promoted in the public sector accountabili...

FRMAI Scoring Methodology – Vol II

FRMAI Scoring Methodology - Vol II The FRMAI is a tool for objective assessment of the financial resources management accountability of the public sector organisations that fall under the mandate and jurisdiction of the RAA. The assessment shall be carried out along with the audit of an entity. However, the FRMAI report will be prepared and issued separately from the audit reports. The score and rating methodology has been developed to provide a minimum guidance to assessors and attain consis...