CIPFA’s first international conference champions trust and accountability in public financial management

18-03-2011

Britain’s new approach to international development - based on results, accountability and transparency - will help make a real difference to the lives of the world’s poorest people. That was a key message in a speech from international development minister Alan Duncan, to a major international accountancy conference yesterday.

The Chartered Institute of Public Finance and Accountancy’s (CIPFA) first international conference, Trust and accountability in public financial management, examined the developments and challenges of delivering good public financial management and how transparency in reporting restores the confidence of stakeholders from donors to bond markets, and helps to ensure value for money. The conference attracted delegates from more than 40 countries – both developed and developing. All speakers’ presentations can be watched again on the CIPFA website.

International development minister, Alan Duncan, said:

‘We should all take pride in the leadership that the UK is showing and in its determination to stand by its international development promises even in the toughest of times.  It is this vision that will help us to secure a more peaceful and prosperous world for generations to come.’

Chief Financial Management Officer of the World Bank, Tony Hegarty, said the primary global development challenge is poverty reduction. He went on to say:

‘Strengthening the accountancy profession is core to the development agenda as reliable public financial management systems provide assurance that resources, including foreign aid, are used efficiently, effectively and transparently for intended purposes.’

The conference also heard from Paul Skidmore, Director of Strategy from the Tony Blair Africa Governance Initiative. He stressed the importance of improving the processes through which leaders and their governments can obtain, strengthen and maintain the capabilities to set and achieve their own development objectives. In his speech, he said:

‘We are very used to the idea of constraining bad leadership. But good governance is also about empowering good leaders. For this, you need the presence of capacity not just the absence of corruption.’

CIPFA Chief Executive, Steve Freer said:

‘We hope this conference is the start of a movement of ‘impatient champions’, people who are passionate about improving public financial management and to make it happen urgently in the public interest.’

Ends

Contact: Lindsay Machin / Chloe Forbes
CIPFA Press Office
t 020 7543 /5645/5787
e lindsay.machin@cipfa.org.uk / chloe.forbes@cipfa.org.uk

Notes to Editors:

1. The CIPFA conference, Trust and accountability in public financial management, took place at the QE II Centre, Westminster, from 15 to 17 March 2011.

2. About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services. This includes the development of local professional qualifications in African countries like Lesotho and Nigeria and in Europe in post conflict states in the Balkans.