Global Financial Management Leaders Survey: Tools of Public Financial Management Accountability

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Jason Levergood & Richard Hudson
Grant Thornton LLP


International Consortium on Governmental Financial Management
Winter Conference, Washington DC
December 6, 2011 – International Monetary Fund

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Global Financial Management Leaders Survey: Tools of Public Financial Management Accountability

  1. 1. Global Financial Management Leaders Survey:Tools of Public Financial ManagementAccountabilityJason Levergood & Richard HudsonGrant Thornton LLPInternational Consortium on Governmental Financial ManagementWinter Conference, Washington DCDecember 6, 2011 – International Monetary Fund© Grant Thornton LLP. All rights reserved.
  2. 2. Agenda• About annual ICGFM and Grant Thornton surveys• 2011 Global Financial Management Leaders survey report – making a splash• 2012 Global Financial Management Leaders survey – Tools of Public Financial Management Accountability• Survey questions with polling© Grant Thornton LLP. All rights reserved. 2
  3. 3. About ICGFM & Grant Thornton annual surveys• Sponsored by ICGFM, conducted by Grant Thornton• Survey methodology• Anonymity• Purpose: Support the ICGFM mission and provide insight to PFM professionals for improving government financial management© Grant Thornton LLP. All rights reserved. 3
  4. 4. About ICGFM & Grant Thornton annual surveys• 2005 Resisting Corruption in the Public Sector• 2010 Progress in Public Financial Management Reform• 2011 Public Financial Management Responses to an Economically Challenging World• 2012 Tools on Public Financial Management Accountability© Grant Thornton LLP. All rights reserved. 4
  5. 5. 2011 Global Financial Management Leaders Survey• PFM Responses to an Economically Challenging World – AGA International Governmental Financial Management Journal November 2011 – Financial Times November 17, 2011 – Federal Times 2011/2012© Grant Thornton LLP. All rights reserved.
  6. 6. 2012 Global Financial Management Leaders Survey• Tools of PFM Accountability – Importance and Barriers – Standards – Social Media – Media and Civil Society – Parliament and Citizenry – Public Auditors• Thank you in advance for your participation!© Grant Thornton LLP. All rights reserved.
  7. 7. Importance and Barriers of PFM AccountabilitySECTION 1© Grant Thornton LLP. All rights reserved. 7
  8. 8. Importance of PFM Accountability1. Accountability in PFM is more important for:a. holding individual officials responsible for their actionsb. assuring program objectives are metc. assuring financial resources are used for its intended purposed. other© Grant Thornton LLP. All rights reserved. 8
  9. 9. Barriers of PFM Accountability2. What are the greatest barriers to accountability inyour country?a. lack of financial resources to acquire the human and technical resources necessaryb. lack of expertise to develop systems and processes that promote accountabilityc. lack of commitment by senior officialsd. lack of access to technology by the citizens to access available data and provide feedbacke. other© Grant Thornton LLP. All rights reserved. 9
  10. 10. International StandardsSECTION 2© Grant Thornton LLP. All rights reserved. 10
  11. 11. International Standards3. Do you seek to conform to your governmentsinternational standards?a. yesb. no© Grant Thornton LLP. All rights reserved.
  12. 12. International Standards4. With regard to your country and the use ofinternational standards in the PFM area, which of thefollowing applies?a. we adapted international standards to reflect a relevant local contextb. we adopted international standards without changec. we have not adopted international standards in the PFM area© Grant Thornton LLP. All rights reserved. 12
  13. 13. International Standards5. Have you adopted the following standards?a. IAS (International Auditing Standards)b. IPSAS (International Public Sector Accounting Standards)c. IMF GFS Chart of Accounts© Grant Thornton LLP. All rights reserved. 13
  14. 14. International Standards6. The adoption of new international standards hasthe greatest relevance to which of the following:a. transparencyb. performancec. accountability© Grant Thornton LLP. All rights reserved. 14
  15. 15. Social MediaSECTION 3© Grant Thornton LLP. All rights reserved. 15
  16. 16. Social Media9. Does your country use social media as a tool?a. yesb. no© Grant Thornton LLP. All rights reserved. 16
  17. 17. Social Media10. Social media is most effective as a tool for whichof the following:a. transparencyb. performancec. accountability© Grant Thornton LLP. All rights reserved. 17
  18. 18. Social Media12. Do you use social media internally withgovernment, externally with citizens, or both?a. internallyb. externallyc. both internally and externally© Grant Thornton LLP. All rights reserved. 18
  19. 19. Social Media13. Does your government use any of the followingsocial media as tools?a. blogb. a dedicated webpage on a social networking sitec. electronic mailing lists that citizens can opt to be a part of© Grant Thornton LLP. All rights reserved. 19
  20. 20. Social Media14. Do any of your government officials post a blog?a. yesb. no© Grant Thornton LLP. All rights reserved. 20
  21. 21. Social Media16. Social media is most effective to which of thefollowing:a. improve program performanceb. bring greater transparency to budget allocationsc. make budget allocations more responsive to citizen prioritiesd. monitor individual transactions such as grants and procurements© Grant Thornton LLP. All rights reserved. 21
  22. 22. Media and Civil SocietySECTION 4© Grant Thornton LLP. All rights reserved. 22
  23. 23. Media and Civil Society17. Is the media in your country independent andobjective in its reporting of government activity?a. yesb. no© Grant Thornton LLP. All rights reserved. 23
  24. 24. Media and Civil Society18. Does the media seek to hold government officialsand programs accountable for their commitments tocitizens?a. yesb. no© Grant Thornton LLP. All rights reserved. 24
  25. 25. Media and Civil Society20. Is there an active civil society in your country?a. yesb. no© Grant Thornton LLP. All rights reserved. 25
  26. 26. Media and Civil Society21. Do civil society groups hold government officialsand programs accountable for their commitments tothe citizens?a. yesb. no© Grant Thornton LLP. All rights reserved. 26
  27. 27. Parliament and CitizenrySECTION 5© Grant Thornton LLP. All rights reserved. 27
  28. 28. Parliament and Citizenry23. Does the legislative branch in your country(Parliament) exercise independent oversight ofgovernment program performance?a. yesb. no© Grant Thornton LLP. All rights reserved. 28
  29. 29. Parliament and Citizenry25. Do you believe that the citizens in your countryare truly informed about government programs andare actively engaged in holding governmentaccountable?a. yesb. no© Grant Thornton LLP. All rights reserved. 29
  30. 30. Parliament and Citizenry26. If your citizens are not effective at holdinggovernment accountable, which of the following reasonsis primary for this situation?a. lack of information provided by government on program performance and actions taken by officialsb. information is available but is not easily accessible to citizensc. citizens do not feel empowered and are not motivatedd. question does not apply as citizens are effective at holding government accountable© Grant Thornton LLP. All rights reserved. 30
  31. 31. Public AuditorsSECTION 6© Grant Thornton LLP. All rights reserved. 31
  32. 32. Public Auditors28. Are the public auditors in your countryindependent and objective?a. yesb. no© Grant Thornton LLP. All rights reserved. 32
  33. 33. Public Auditors29. Are the public auditors in your country effective inimproving program performance?a. yesb. no© Grant Thornton LLP. All rights reserved. 33
  34. 34. Public Auditors30. Are the public auditors in your country effective inholding government officials accountable for theiractions?a. yesb. no© Grant Thornton LLP. All rights reserved. 34
  35. 35. ConclusionAll survey results from today will be used to contribute tothe 2012 Global Financial Management Leaders Survey:Tools of Public Financial Management Accountability© Grant Thornton LLP. All rights reserved. 35
  36. 36. Thank you© Grant Thornton LLP. All rights reserved. 36
  37. 37. Contact Jason Levergood Grant Thornton LLP Global Public Sector 333 John Carlyle Street, Suite 500 Alexandria, VA 22314 P 703.637.3006 E Jason.Levergood@us.gt.com© Grant Thornton LLP. All rights reserved. 37

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