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8 Jul 19
New Zealand’s bold shift to accruals accounting was just the start of what has been a groundbreaking transformation. Victor Smart reports.
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25 Jun 19
Denmark has been praised by the IMF for the consistently strong performance of an economy that prizes social inclusion.
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21 Jun 19
Auditors play a crucial role in testing and verifying the claims organisations are making about their sustainability, says the European Court of Auditors’ Eva Lindström.
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17 Jun 19
A ‘no-deal’ Brexit poses the main risk to Ireland’s economy, which is “uniquely vulnerable” to events in the United Kingdom, the IMF has warned.
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14 Jun 19
The eurozone faces a triple threat that has the potential to push the economy deeper into a slump, warns the IMF.
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14 Jun 19
Brussels still fails to monitor how the European Union’s budget and policies contribute to sustainable development despite backing global targets.
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13 Jun 19
The unexpected effects of the FIFA World Cup and energy projects boosted real GDP growth in Russia to 2.3% in 2018, says the World Bank.
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11 Jun 19
Greece’s post-bailout reform efforts have slowed in recent months, leaving it at risk of missing fiscal targets agreed with EU lenders, the European Commission has said.
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10 Jun 19
Action as well as ambition is necessary for New Zealand to achieve the goals of its wellbeing budget, says professor of Public Financial Management at Victoria University of Wellington Ian Ball.
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10 Jun 19
Romania must change course if it is to avoid squandering progress it has made converging with more developed European economies.
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7 Jun 19
Annual inflation in OECD countries rose to an average of 2.5% in April, a 0.2% increase from March, the international development organisation has announced.
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31 May 19
A cross-party group of UK MPs has called on the chancellor to seek an agreement for a ‘registry of loans’ to governments at this month’s G20 meeting.
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17 May 19
European governments need to step up efforts to tackle fraud in cohesion spending which remain too weak, say auditors.
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2 Apr 19
The shock victory of a comedian with no political experience in the first round of Ukraine’s elections shows the growing public anger at endemic corruption in the country.
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25 Mar 19
A new international pathway will allow students to become proficient in both US and international accounting standards, says professor Irfan Bora from Rutgers University.
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18 Mar 19
For the implementation of accrual-based accounting standards and public financial management reforms to be successful long term they must have political backing, public finance experts have said.
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14 Mar 19
Europe could be “pushed down the road of accruals” next year as proposals for public sector accounting standards for the EU will be brought to the European Commission, the head of the initiative has...
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13 Mar 19
Politicians need to commit to publishing their liabilities – even if it might weaken net wealth on paper, public finance professionals have urged.
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12 Mar 19
Countries must start using the information presented in accrual financial reports to make better policy decisions, a seminar in Washington has heard.
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12 Mar 19
Governments around the world could boost their public coffers with as much as 3% of their GDP by better managing their assets and producing strong balance sheets.
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8 Mar 19
Fears have been growing in South Africa over the safety of public sector auditors since their work was given greater teeth.
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28 Feb 19
Public sector accountants are becoming “enemies of the people” because they are failing to produce clear financial reports that the public can understand, Zambia’s president has warned.
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7 Feb 19
Adopting accounting standards similar to those used by private companies and based on accrual accounting could restore trust in governments, writes investment consultant Dag Detter.
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16 Jan 19
India is providing public financial management training to civil servants from the Ministry of Finance in Nepal.
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7 Dec 18
IPSASB’s social benefits standard has finally been approved after 16 years but this is just the start and it is likely to be reviewed after a few years of use, says the board’s Paul Mason.