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7 Nov 24
Auditors have issued a warning over “high levels of irregular spending” in the EU budget, with the rate of error rising to over 5%.
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25 Jun 24
The lead US regulator alerts on greenwash investing and warns AI will increase them
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31 May 24
The drive to publish the first ever international accounting guidance for non-profit organisations has taken a significant step forward with the launch of a final consultation.
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14 Nov 23
The European Union’s executive often takes a kinder view of what it achieves through its budget than the bloc’s spending watchdog, the latter has said.
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6 Oct 23
Costs associated with climate change could hit Irish public finances by at least €6bn a year from 2030 onwards, its fiscal advisory council has warned.
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29 Sep 23
Financial support from Switzerland and the US will help supreme audit institutions improve public financial management and accountability in developing countries.
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21 Sep 23
Are supreme audit institutions the catalyst needed to boost sustainability reporting? Yes, writes CIPFA’s Nina Johansson.
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4 Apr 23
The struggling South African state-owned power company Eskom will not have to disclose irregular spending in its annual financial statements, because the government fears the negative impact of...
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10 Mar 23
More than a third of British Columbia’s biggest public sector organisations do not have an ongoing process to identify and assess fraud risks, its regional auditor has warned.
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20 Feb 23
The global agreement on minimum corporation tax rates is unlikely to raise large sums of money for low-income countries, and more work is needed to fix tax systems, the International Monetary Fund...
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7 Feb 23
The end of Covid-19 restrictions will see the Chinese economy rebound this year, but the government still needs to focus on meeting longer-term demographic threats, the International Monetary Fund...
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14 Nov 22
Stated priorities such as gender equality and economic development are not fully incorporated into the European Union’s budget, potentially slowing the bloc’s progress, the European spending watchdog...
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24 Oct 22
A fresh attempt has been made to end graft in South Africa’s institutions.
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30 Sep 22
The international standard-setter on public sector sustainability is moving forward with plans for new guidance.
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5 Aug 22
Amid rising interest in sustainable investing, IPSASB has launched a global consultation on public sector sustainability reporting.
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23 Jun 22
Comprehensive accrual accounting is required to meet a challenging economic reality, argue Ian Ball, John Crompton and Dag Detter.
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31 May 22
One-third of European Union spending reported as being related to the climate was in fact irrelevant, a report has found, meaning the bloc missed its goal in the most recent budget period.
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26 May 22
Global income from levies on carbon dioxide production hit record highs in 2021, but the international community has been urged to do more to meet net zero targets.
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10 May 22
The International Public Sector Accounting Standards Board has launched a consultation aimed at producing a global set of standards for sustainability reporting by government bodies.
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26 Apr 22
Tax campaigners have urged world leaders to create a global asset registry to help deal with tax havens that they say deprive governments, particularly in the developing world, of billions in much-...
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21 Apr 22
New Zealand’s strong resilience through Covid-19 means the nation is poised for continued growth in the coming years, according to ratings agency Moody’s.
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19 Apr 22
The yen tumbled to its weakest performance against the US dollar in 20-years, as the Bank of Japan continues to stand by its yield cap on government bonds.
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1 Apr 22
Soaring inflation stemming from Russia’s invasion of Ukraine, could force Asia Pacific to issue more debt to fund increased spending, putting pressures on finances, according to ratings agency S&...
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3 Mar 22
The benefit of federal Covid-19 aid in New York is unclear because authorities have “no reporting on outcomes”, the city’s comptroller has warned.
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1 Mar 22
Chad is receiving support from the United Nations to help train officers and install new debt management software, in a bid to improve public finances.