The Chartered Institute of Public Finance (CIPFA) and the Korea Institute for Public Finance have today (11 November) signed a Memorandum of Understanding (MoU) to promote strong public financial management in both countries.
The MoU establishes a partnership between the two institutes which will focus on improving government accounting by sharing learning and best practice.
The signing ceremony took place today in Seoul, Korea with Ian Ball, Chair of CIPFA International, and representatives from the Korea Institute of Public Finance in attendance.
Ian Ball said:
“CIPFA is delighted to be entering into a partnership with the Korea Institute of Public Finance as there is much synergy between the two bodies. Both institutes are committed to improving public finance so it is welcome news that we will be able to work closely together to strengthen governance, accountability and transparency.
"From sharing best practice, we hope that both bodies can make a positive contribution to building a better society through the promotion of strong public financial management.”
For media enquiries contact the CIPFA press office on T: 020 7543 5830 or E: Saskia.email@example.com
The Chartered Institute of Public Finance and Accountancy (CIPFA) is one of the leading professional accountancy bodies in the UK and the only one which specialises in the public services. It is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards.
Uniquely among the professional accountancy bodies in the UK, CIPFA has responsibility for setting accounting standards for a significant part of the economy, namely local government. CIPFA’s members work (often at the most senior level) in public service bodies, national audit agencies and major accountancy firms. They are respected throughout for their high technical and ethical standards and professional integrity. CIPFA also provides a range of high quality advisory, information and training and consultancy services to public service organisations. As such, CIPFA is the leading independent commentator on managing and accounting for public money.