CIPFA Nepal Presentation 20 March 2013


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CIPFA Nepal Presentation 20 March 2013

  1. 1. Professionalising the public sector Global steps to better PFMAlan Edwards, International Director, CIPFA
  2. 2. is campaigning for strongergovernment accounting and audit … Partnerships with ..  International agencies  National governments  Multi lateral development banks  Charitable foundations  Professional accountancy institutes‘Making a step-change in governmentaccounting and auditing is completely  Accountancy and other firms within leaders’ control. The on-going crisis screams out for urgent  Academic institutions concerted global action.’ Chris Bilsland,  Representative international bodies CIPFA President
  3. 3. are seeing signs that callsfor PFM reform are growing… Eurostat review of accrualDraft Declaration on Good accounting and IPSAS acrossFinancial Governance in EUAfrica Likely to recommend adoption of accruals accounting by EU and memberCore principles states Transparency IPSASs represent an indisputable Accountability reference framework for EU harmonised Institution building public sector accounts ("EPSAS") Results orientation Gradual stage approach to Balancing reforms and capacity implementation of EPSASs Autonomy in reforms choices Some issues:A framework to be adopted by all  Capacity for implementing accrualsFinance Ministries across Africa,  Relationships with the professionpotentially supported by a better  Obtaining multi-partisan supportorganised profession in Africa.  Education for politicians
  4. 4. possible model … Global PFM qualifications Global approach to PFM capacity building Global PFM communityGlobal PFM products and Global PFM thought services leadership Global PFM donor funding In short a Global PFM profession
  5. 5. Strengthening PFM around the world … Professional Capacity training Development• Accredited Training • World Bank/DFID Partners • Nigeria• UNDP • Lesotho• FreeBalance • Bangladesh• Dual designation • Balkans• India SAI • Sri Lanka International PFM projects Standards • FM model - GFOA• IPSAS implementation partnership - EY • Associates – DFID - TCI• Eurostat - FEE • Partners – PwC - EU• IFAC Public Sector • Partners – WYG – Governance Tajikistan 4 • Partners – NAO -• IIA/CIPFA Trinidad
  6. 6. largest PFM reform programme isbeing undertaken in Bangladesh…  Bangladesh aspires to become a middle income country with appropriate public service institutions and management  SPEMP is a multi year multi agency programme of reform  Aims:  Strengthen and modernize core institutions of budgeting and financial management for stronger, more accountable and transparent public institutions.  Improve the effectiveness of formal institutions of financial transparency and accountability for stronger and more capable oversight functions of the government, ensuring accountability  Build a better informed public: Citizens who are aware of how tax money is being spent and can demand better management of public funds for better delivery of public service
  7. 7. CIPFA is leading SPEMP-B – Component 3 Project Development Objective  “to build the faculty and management practices of FIMA to deliver appropriate short courses in PFM and to become approved to deliver internationally recognised professional accreditation courses in PFM” Expected Outcomes  Over 300 staff undertaking CIPFA professional training  Stronger sustainable FIMA
  8. 8. Lanka is embracing publicfinance reform and IPSAS…  Sri Lanka has embarked on a major PFM reform programme  CIPFA is assisting ICASL to explore building a public sector stream into their existing qualification framework  This is likely to involve utilising modules from CIPFA’s existing IPFM qualifications  In addition CIPFA is assisting with some initial training on IPSAS and their applicability to Sri Lanka  This will involve tailoring some training materials from CIPFA’s Cert IPSAS plus some training of trainers in Sri Lanka
  9. 9. PAOs have embraceddual designation …
  10. 10. Africa we have createdpartnerships with PAOs … The Accountant General of the Federation The Auditor General for the Federation The Institute of Chartered Accountants of Nigeria The Federal Treasury Academy The World Bank
  11. 11. are adopting professionaltraining for their finance staff … Professional ·Strategic Financial Management Full CPFA Membership · Strategic Leadership Advanced Diploma Entry point ·Governance, Public Policy and Ethics with Associate Membership · Public Finance appropriate exemptions · Strategy · Corporate Financial Reporting Diploma Entry point ·Public Sector Financial Reporting with appropriate · Audit · &· Assurance exemptions · Managing Organisation · Managing Finance Affiliate Membership Certificate ·Financial Accounting · Management Accounting Entry point: students can begin study at any of the entry points as long as they have the relevant requirements for entry
  12. 12. is crucial for IPSASimplementation …  CIPFA supports individuals, organisations and PAOs prepare for IPSAS  The Certificate explains each standard in detail  It can be studied online, face to face or via distance learning  Assessment is via a two hour online examination  A cash IPSAS only variant is available Qualifications/Qualifications/Certificate-in- International-Public-Sector-Accounting-Standards- Cert-IPSAS
  13. 13. for public finance staff is auniversal demand …
  14. 14. ahead – a new PFMAcademy? Government Group fees and Individual fees and subscriptions subscriptions The PFM Academy IPFM courses Networks & Forums Conferences ATPs Cert IPSAS Publications Other events CIPFA
  15. 15. – what worksbest … Bottom-up approach – addresses training and development needs at day-to-day operational level Locally led and managed programmesAnd Tangible link to development of a professional qualification Genuine, active partnership of equals between local providers and external supporter(s) Supportive, long-term assistance from donor Integration of ‘academic’ with workplace aspects of learning Proven success in raising qualification levels and capacity within the sector Society that recognises the value of a professional qualification HR systems that reward professional development Sustainability built in from day one 14
  16. 16. from PFM prepare budgets andprofessionals… financial statements design PFM systems provide advice give assurance certify accuracy and Quality accounts and integrity unqualified audits monitor compliance
  17. 17. better quality decisionOutcomes from PFM makingprofessionals… more effective targeting of resources more efficient use of resources stronger accountability improved transparency Donor/ lender confidence in country greater comparability systems
  18. 18. we do that we will have Fixed theFoundations …And stopped any moredominoes falling!
  19. 19. the publicsectorGlobal steps to better PFM Alan Edwards International Director CIPFA Tel +44 207 543 5690