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14 Mar 17
Deputy director of the IMF's Fiscal Affairs Department Chris Towe discusses the role of accrual accounting in fiscal reports and managing the public finances, as well as the value of a seminar such...
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13 Mar 17
Juan Pablo Guerrero, network director of the Global Initiative for Fiscal Transparency, stresses that the public do care about access to high quality fiscal information, and explains what governments...
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13 Mar 17
IPSASB chair Ian Carruthers discusses the purpose of Transparency and Beyond – a seminar on the next steps for accrual accounting organised by IPSASB, the World Bank and the IMF and held at the fund'...
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10 Mar 17
Switching to accrual accounting can secure better credit ratings for governments, Fergus McCormick, chief economist and co-head of sovereign ratings at agency DBRS has said.
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10 Mar 17
The international community should do more to drive the global adoption of accrual accounting, Jim Brumby, a director of the World Bank’s Governance Global Practice, has said.
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9 Mar 17
Stakeholders are still not using governments’ accrual-based financial information in a meaningful way, a senior policy analyst from the OECD has warned.
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7 Mar 17
Public sector finance chiefs from across the globe have met at a major conference in Washington DC to develop a plan to maintain progress in the adoption of accruals accounting worldwide.
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6 Feb 17
The US congress has voted to repeal a provision ensuring transparency in the oil, gas and mining industries – a move that could potentially foster corruption in developing nations.
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2 Feb 17
International accounting requirements addressing how to account for the combination of entities or operations in the public sector have been developed for the first time.
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31 Jan 17
During 2016’s political upheavals, IPSASB stayed on course, working with standard setters around the world and on its own governance
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3 Jan 17
Information on cross-border tax rulings issued within the European Union will now be automatically shared between member states.
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21 Dec 16
Plans for increased tax transparency across the European Union, which would have seen the details of the true owners of secretive companies made public have been watered down by national governments...
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28 Nov 16
Diverse systems, narrow focus and a lack of capacity or experience are some of the key challenges in developing financial management and harmonised accounting standards highlighted by speakers at the...
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15 Nov 16
The project to introduce European Public Sector Accounting Standards, a set of harmonised standards across the EU, continues with the current focus on technical issues
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10 Nov 16
Providing decision makers with robust and comprehensive information helps them to assess progress against investment goals and needs. Understanding how public policy, finance and support interact...
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11 Oct 16
Integrated reporting has a key role to play in Malaysia’s economic transformation, the country’s deputy trade minister has said.
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15 Sep 16
Integrated reporting can help deliver improved service outcomes at a time when austerity and tight budgets are weighing on public sector organisations across the world, according to a joint report by...
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9 Sep 16
The eurozone’s finance ministers have called on all euro area member states to actively use spending reviews to improve the quality of public finances.
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5 Sep 16
The International Integrated Reporting Council has appointed Richard Howitt, a member of the European Parliament for the UK’s Labour Party, as its new chief executive.
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1 Sep 16
G20 leaders should champion stronger governance and public financial management following the upcoming summit in Hangzhou, China, according to the International Federation of Accountants.
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1 Sep 16
Ahead of this weekend’s G20 summit, the International Federation of Accountants is calling for a host of accounting issues to rise higher up the global agenda
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31 Aug 16
The US government forwent $1.23 trillion in revenue last year, yet nowhere is this reflected in the federal government’s financial report. A FASAB-proposed accounting standard aims to change...
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30 Aug 16
Over 100 countries are now participants in an OECD international cooperation initiative to combat tax avoidance and evasion, the think-tank has announced.
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24 Aug 16
The European Commission has weighed in on a Greek political row surrounding accusations that the former head of the country’s official statistics authority falsified official data, underpinning...
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22 Aug 16
The International Monetary Fund has criticised the government of Suriname for failing to implement necessary fuel and electricity price increases.