Commitment
Provide standardized financial reporting template for all mandatory financial reports to be submitted to the Elections
Source
SAP
Reference
Subsection 5.4, Policy 6, Strategy 6.1, Action 6.3b
Date Updated
Jul 22, 2023
0
Fully Realized
Mechanism for Realization
Public disclosure of Financial and Audit Reports of all Electoral Candidates are made mandatory
Budget
100%
Realization
Candidate financial reports published on Elections Commission Website

The Government’s Strategic Action Plan (SAP) 2019 – 2023 provides a detailed development agenda across five priority areas for the administration. Each priority area includes several targets, strategies, and actions, in addition to a timeline and a list of implementing agencies.

Priority area 5.4: Accountable State follows the premise of Article 4 of the Constitution, which affirms that all powers of the State of the Maldives are derived from, and remain with, the citizens. The government has reiterated that State actors need to be accountable and answerable to the public. Strategy 6.1: Strengthen and increase transparency of Political party financing.

Action 6.3b: Provide standardised financial reporting template for all mandatory financial reports to be submitted to the Elections Commission

The Lead Implementer for this action is Elections Commission

According to Elections Commission;

  • A standardized financial reporting template is shared with the candidates, and it is mandatory to submit this candidate’s financial audit report. And these reports are available on the ECM website.
  • These Audited reports are compulsory for Presidential candidates and Parliament candidates.
  • Furthermore, to enhance the process ECM engaged in dialogue with CA Maldives in strengthening the auditing process and we are in the phase of releasing a specific guideline for auditors, for auditing candidate financial statements.

The status of this action has been updated based on the response of Elections Commission to a RTI Request submitted by Transparency Maldives

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