The Institute of Chartered Accountants in
Australia (ICAA) and the New Zealand Institute of Chartered
Accountants (NZICA) have signed a tripartite agreement with UK
based Chartered Institute of Public Finance and Accountancy
(CIPFA), in a bid to support public sector accountants in the
Asia-Pacific region.

The NZICA said the agreement is a practical
way the organisation can help support the public sector.

“We recognise CIPFA’s expertise and track
record in supporting chartered accountants working in the public
sector. We’re keen to leverage this expertise and pass it on to our
own members working in this professional space

“This collaboration is very timely given the
Government’s focus on reducing debt and expenditure post the global
financial crisis,” NZICA Chief Executive, Terry McLaughlin

Chief Executive Officer at ICAA Graham Meyer
said “today’s public sector operating environment provides some
particularly unique challenges and opportunities”.

UK based CIPFA also welcomed the opportunity
to work with the Australian and New Zealand institute to help
advance strong public financial management and governance in the
Asia-Pacific region.

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This agreement comes two months after the ICAA
and the NZICA teamed up to create a joint professional designation
for accountants within the Asia-Pacific region.

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