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07 Jul 2010
One of the UK's leading accounting institutes has called on the government to address the "long standing" shortfall of qualified finance experts in the public sector.
CIMA published its report New Public Sector Performance Management: Making Fiscal Consolidation Smarter, outlining the need for the British government to address long standing deficiencies from its qualified finance personnel.
Charles Tilley, CIMA CEO and author of the report, said: “The coalition government has made great strides in striving to tackle the public deficit.
"However, the government must look to address the shortages of qualified finance experts who can strip out costs and ensure better value for money. The current crisis forces us to reassess what the public sector is for and how it might be redesigned.”
Some of CIMA's recommendations from the report include using the economic crisis as an opportunity for smarter fiscal consolidation, and ensuring the public sector learn from the private markets.
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At long last - CIMA dares to raise the subject
At last. CIMA has dared to raise the issue that taxpayers money is being spent paying unqualified accountants at an higher rate than experienced qualified accountants would be able to command in the private sector.
There are many unqualified accountants working in the public sector, especially in local government. I am a CIPFA qualified accountant and I sometimes wonder why I bothered to qualify because I am laughed at by my colleagues for paying my annual membership fee of £280 and ridiculed for undertaking CPD as it is classed as a waste of time.
I have raised this with management, but they have told me that they can't make people undertake CPD if they don't want to and it is my own personal choice if I want to undertake CPD. I have taken this to mean that they don't care if I decide to not undertake CPD and lose my CIPFA membership, which I would never think of doing.
It is so demotivating and disillusioning.
Posted by: Terry Shaw, 08 Jul 2010 | 00:00