Financial Reporting and Auditing in Sovereign Operations

This technical guidance note lays out the requirements for presenting, auditing, submitting, and publicly disclosing financial reports for sovereign operations financed by ADB in Asia and the Pacific region. It highlights why robust financial reporting, auditing, management, and monitoring of sovereign operations funded or administered by ADB is essential to ensure they comply with its mandate. Stressing the importance of strong borrower governance, it emphasizes how timely reporting and auditing contributes to ADB's broader objectives of poverty reduction, inclusive growth, environmental sustainability, and regional integration.