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9 Mar 17
Stakeholders are still not using governments’ accrual-based financial information in a meaningful way, a senior policy analyst from the OECD has warned.
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7 Mar 17
Public sector finance chiefs from across the globe have met at a major conference in Washington DC to develop a plan to maintain progress in the adoption of accruals accounting worldwide.
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6 Feb 17
The US congress has voted to repeal a provision ensuring transparency in the oil, gas and mining industries – a move that could potentially foster corruption in developing nations.
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2 Feb 17
International accounting requirements addressing how to account for the combination of entities or operations in the public sector have been developed for the first time.
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3 Jan 17
Information on cross-border tax rulings issued within the European Union will now be automatically shared between member states.
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21 Dec 16
Plans for increased tax transparency across the European Union, which would have seen the details of the true owners of secretive companies made public have been watered down by national governments...
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21 Dec 16
Eurozone governments should start plugging a “wide and deep” gap in public investment gap by taking advantage of low interest rates, the European Commission has suggested.
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6 Dec 16
Audit institutions and governments need to make audit reports on public spending more accessible to civil society organisations, the International Budget Partnership has found.
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5 Dec 16
Blended finance could help tackle the funding gap faced by the 2030 Sustainable Development Goals. But this will require new methods of financial reporting
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28 Nov 16
Diverse systems, narrow focus and a lack of capacity or experience are some of the key challenges in developing financial management and harmonised accounting standards highlighted by speakers at the...
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25 Nov 16
CIPFA has awarded EY’s IPSAS lead Thomas Müller-Marqués Berger honorary membership to celebrate his “outstanding” contribution to raising the standards of global public financial management.
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21 Nov 16
Performance budgeting can be a useful tool if employed well, researchers have found, although doing this is complex, time consuming and may require a change of mindset.
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21 Nov 16
Accountants have and will continue to play a critical role in combating fraud and corruption around the world, the chief of the International Federation of Accountants has told the pope.
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17 Nov 16
Aid donors who allow contributions to be used in public-private finance schemes may not know enough about where the money is going to make an informed investment, a report has found.
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16 Nov 16
Christopher Nyong has been appointed to the International Public Sector Accounting Standards Board, it was announced last week.
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15 Nov 16
The project to introduce European Public Sector Accounting Standards, a set of harmonised standards across the EU, continues with the current focus on technical issues
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9 Nov 16
The European Union’s tax blacklist is to focus on countries that fail to take part in global tax transparency and anti-corporate tax avoidance initiatives, it was decided yesterday.
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8 Nov 16
Governments need to adopt international accounting standards so citizens know what they are getting for their tax payments. And auditors need to be able to tell it like it is and provide a longer-...
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2 Nov 16
Ukrainian MPs have passed on an opportunity to double their wages as an already hostile public still reels from the astonishing scale of wealth declared by public officials as part of a transparency...
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27 Oct 16
The European Commission cannot ensure the Common Agricultural Policy cross-compliance system is effective, the EU Court of Auditors has warned.
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24 Oct 16
Brazil, Guernsey, Jersey, the Isle of Man and Latvia have signed the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of country-by-country reports on tax matters.
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18 Oct 16
Governance at the European Commission is functional but lags behind international best practice and is in need of an update, the European Court of Auditors said today.
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14 Oct 16
Georgia should focus on combating high-level and complex corruption having achieved remarkable progress in eliminating petty corruption in public administration, an Organisation for Economic Co-...
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13 Oct 16
Spending rules for European Union resources have become so complex that they encourage errors and lack transparency, the president of the European Court of Auditors has warned.
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11 Oct 16
Integrated reporting has a key role to play in Malaysia’s economic transformation, the country’s deputy trade minister has said.