Following the publication of a report by the House of Commons Public Accounts Committee, the Chartered Institute of Public Finance and Accountancy (CIPFA) has highlighted the importance of the Whole of Government Accounts (WGA).
The Public Accounts Committee’s report welcomed the publication of WGA, although it had a number of criticisms including the number of qualifications to the account.
Paul Mason, Assistant Director for Professional Standards at CIPFA, commented,
“Notwithstanding some of the criticism in the Public Accounts Committee’s report, publication of Whole of Government Accounts is still a significant achievement. We will continue to support HMT as it improves WGA through more timely publication and elimination of the qualifications.”
CIPFA Press Office
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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.