• Register
Return to: Home > News > CIPFA and IFAC launch public sector financial accountability index

CIPFA and IFAC launch public sector financial accountability index

The Chartered Institute of Public Finance and Accountancy (CIPFA) along with the International Federation of Accountants (IFAC) have announced the launch of an international public sector financial accountability index to provide a global view of public sector financial reporting quality.

The index aims to provide better understanding of accounting and budgeting reform plans, and help stimulate public financial management (PFM) reforms. The output of the index will be a regularly updated country-by-country public database focusing on financial management at the central government level, which will later expand to state and local government level.

Developed as part of the Accountability. Now. initiative with the Zurich University of Applied Sciences (ZHAW) as knowledge partner, the index looks at the extent of accrual accounting and adoption of International Public Sector Accounting Standards (IPSAS).

The first set of data will be made available in November 2017. National standard setters will be invited to review, comment upon, and supplement the information.

Top Content

    Keeping accounting standards fit for purpose

    While at the IFRS Conference: Americas in Toronto in November, the national standards setters of the USA and Canada, along with the International Accounting Standards Board, talked to The Accountant about the evolution of corporate reporting and the influence of digitalisation. Vincent Huck was on the line

    read more

    Tax avoidance looks like a side show: compared to total anonymity

    Paul Beckett, senior counsel at MannBenham Advocates, talks to Carlos Martin Tornero about tax avoidance and human rights, and how orphan structures, marketed by accountants, make the super-rich anonymous and unaccountable for their actions

    read more

    France’s next revolution: boosting the economy, with advisory backing

    As French minister for the economy and finance, Bruno Le Maire took the stage at the final plenary session of the 72nd congress of the French Institute of Chartered Accountants (Ordre des Experts-Comptables) in Lille, he faced a somewhat hostile audience who had booed government initiatives during previous speeches. But the well-prepared minister told the French profession what it wanted to hear and left with a standing ovation. Whether the government will deliver what he promises remains to be seen. Vincent Huck reports

    read more

    Comment: Nine seconds to make or break

    Time is relative. When Usain Bolt runs 100 metres in a little over nine seconds, time flies and feels like a fleeting instant of dream. But, when six professionals sitting on a panel meet a question with deafening silence for nine seconds, then time painfully drags on in embarrassment.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.