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10 Aug 18
An international standard on accounting for social benefit liabilities, 15 years in the making, has finally been agreed on. Public finance consultant Manj Kalar explains why it has taken IPSASB so...
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10 Aug 18
The International Public Sector Accounting Standards Board has agreed to move forward with the majority view on a new standard on accounting for social benefits following months of consultation.
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6 Aug 18
The ruler of Dubai has said the results of a government employee satisfaction survey are “unacceptable” and must be improved within six months.
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3 Aug 18
Greece must be realistic about its economic goals despite successful progress since its fiscal crisis, the IMF has warned.
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24 Jul 18
Public sector accountants are in the front line of the battle against corruption, a global accountancy body spearheading a new anti-graft initiative has told PF International.
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13 Jul 18
The public sector is not widely adopting blockchain because of a lack of policies to support the technology, the director of a software company has told a conference.
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13 Jul 18
The European Commission should have proved the value it was adding with changes to its long-term spending priorities, auditors have concluded.
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10 Jul 18
The speaker of Ghana’s Parliament has reminded the finance minister he must produce a mid-year budget review before the House rises on 26 July.
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6 Jul 18
The Swiss government should improve measures to fight corruption by state officials and departments after actions were found to be inadequate, auditors have said.
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4 Jun 18
The World Bank is to fund a project aimed at improving public financial management in the West Bank and Gaza that it is hoped will drive private investment.
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31 May 18
The international tax system is “fundamentally flawed” and countries must work together to fix it, the French president warned yesterday.
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21 May 18
The UK must step up efforts to crack down on money laundering as Russian corruption is putting national security at risk, a group of MPs has warned.
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18 May 18
Indonesia should continue to strengthen its public financial management in the face of slower growth and rising inequality in the country, a World Bank report has said.
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11 May 18
Technology is reshaping how governments raise and spend money, says a group from the IMF’s fiscal affairs department.
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4 May 18
Indian Railways – one of the biggest public sector employers in the world – is starting a move to implement accruals as part of a major reform of its accounting system.
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26 Apr 18
Accrual accounting is “fundamental for informed decision-making”, Jamaica’s auditor general has said, as she called for greater adoption of international accountancy standards.
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18 Apr 18
The International Monetary Fund has warned governments around the world to take advantage of favourable economic conditions to build policies to protect economies against a downturn.
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16 Apr 18
European Union investments in business have not led to durable and long-lasting success in around a fifth of cases, auditors have found.
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3 Apr 18
Attendees at an IPSASB roundtable in Brussels questioned the addition of accounting for natural resources as a priority for the standard setter’s work from 2019 to 2023.
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27 Mar 18
The European Union has unveiled its strategy to reform the financial system in support of a “greener and cleaner” economy.
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22 Mar 18
The government of Zimbabwe has reaffirmed its commitment to implementing as accruals based accounting system to enhance transparency and accountability.
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22 Mar 18
The UK could be punished by the European Union if it tries to lower corporate tax to attract business after leaving the bloc, tax campaigner Dame Margaret Hodge has told PF International.
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21 Mar 18
Future farm spending in the EU should be based on performance targets and achieve the union’s definition of ‘added value’, European auditors have said.
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15 Mar 18
The French central bank has revised up its 2018 economic growth forecast to 1.9%, following the strongest growth in six years.
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15 Mar 18
Accountants who help companies dodge tax by shifting profits to low-tax countries could risk fines, under new European proposals to tackle avoidance and improve transparency.