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4 Jun 19
China’s economy will need to rely on domestic demand to sustain rapid economic growth, say World Bank economists.
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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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14 May 19
The US deficit is continuing to rise following President Donald Trump’s extensive tax cuts despite record federal revenues in April.
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13 May 19
There have been fears the legendary status of Scandinavian social welfare was starting to slip but closer inspection suggests that it is merely being restyled to face fresh challenges. Simone Rensch...
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4 Apr 19
Resistance to new standards aimed at boosting transparency in the public sector is posing “challenges” to Zimbabwe’s government, a top official has revealed.
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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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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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18 Dec 18
The European Commission lacks transparency in showing how EU money is spent by non-governmental organisations, auditors have warned.
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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.
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4 Dec 18
Attracting accountants to the public sector is one of Malta’s biggest challenges as it shifts to an accrual-based financial reporting system, the director of government accounts has told PF...
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27 Nov 18
The move to accrual accounting by the world’s most powerful economies could put “healthy” peer pressure on others to follow suit, the global accountancy body has said.
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14 Nov 18
The City of Vancouver in Canada has received an award for its “clear and engaging” budget documents.
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31 Oct 18
Integrated reporting can improve governance, accountability, and rebuild trust in a post-crisis global economy, argues the IIRC’s Jonathan Labrey.
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30 Oct 18
Nigerian states are lagging behind in the adoption of international accounting standards, the country’s accountant general has warned.
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25 Oct 18
International public finance expert Manj Kalar explains why it is important to look at public sector balance sheets to get a full picture of government accounts.
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19 Oct 18
Malaysia will shift to accrual accounting within the next three years as part of reforms to stop the “excesses of the past”.