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13 Sep 18
Consultant Ashok Rao helped devise in India what he believes to be the first national code of its kind for governing regional finances. Such a framework establishes a benchmark for best practice, he...
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11 Sep 18
Inadequate action to curb air pollution in the European Union is incurring hundreds of billions of euros in health-related costs, auditors have warned.
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29 Aug 18
Vladimir Putin has watered down his controversial pension reforms as he suffers his lowest approval ratings for four years.
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21 Aug 18
The finance ministry of Egypt has started the implementation of a new system to monitor state agencies’ financial transactions.
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17 Aug 18
Strong public financial management is the foundation for a sustainable growth. But are we doing enough? Asks the African Union’s Assietou Sylla Diouf.
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15 Aug 18
Ghana’s auditor general has slammed an economic crime agency after it kept more than one million Ghanaian cedi recovered from individuals and organisations.
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13 Aug 18
Stakeholders may not always understand financial reporting but this could be improved by taking a leaf out of the book of organisations such as Windows, which made IT much more accessible with...
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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.