Friday, April 12, 2019

ACCA and IFAC launch Global Public Financial Management series

ACCA (the Association of Chartered Certified Accountants) and IFAC (the International Federation of Accountants) have launched a global series that will identify, document and share success stories in public sector financial management.

Strong  financial management processes and systems are essential to support the effective and efficient delivery of public services and ensuring transparent public finances. With public sector spending, government accountability and financial sustainability in the spotlight, ACCA (the Association of Chartered Certified Accountants) and IFAC (the International Federation of Accountants) have launched a global series that will identify, document and share success stories in public financial management.

The series includes videos and case studies, developed by their network of global experts. Public sector finance leaders from Tanzania, Australia and Canada have shared their stories in videos which are available online.

"The aim of this research is to answer a number of fundamental questions about how public financial management is working now, and how it can operate in the future. We want to capture and share real stories of how public financial management improvements have made an immediate difference in the delivery of public services" said Alex Metcalfe, head of public sector policy at ACCA.

Alta Prinsloo, IFAC Executive Director, added: ‘Strong public financial management impacts citizens and presents an opportunity for tangible change. Professional accountants have an essential role to play and we must leverage these case studies to continue making progress in the future.”

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