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A national award for excellence in UK public finance has been won by HM Treasury’s Whole of Government Accounts team. The prize was given to the team in recognition of their work to provide a step change in financial reporting in the UK public sector.
The Sir Harry Page Merit Award is presented annually by the Chartered Institute of Public Finance and Accountancy for an outstanding technical innovation in UK public finances.
The judges’ comments included praise for the team having overcome any number of technical and project management challenges to produce a very creditable set of accounts, giving a true and fair view of the finances of UK Government, something only a small handful of countries, with much less complex finances, have achieved.
Last year’s winner was Mike Hathorn in recognition of his contribution as Chair of the International Public Accounting Standards Board.
CIPFA’s President, Sir Tony Redmond, said:
“The team working on Whole of Government Accounts at HM Treasury demonstrated both hard work and technical skill in producing this historic set of accounts on the public finances.
“I hope that CIPFA making this Award to the team will encourage colleagues in other public service organisations to be inspired by the commitment, co-operation and resilient approach of the WGA team when tackling financial reporting challenges in their own organisations, a vital area of work as the public rightly expects to know how our money is being used across the public services in hard times.”
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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.