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US adopts CIPFA financial management toolkit

by Rose Orlik

More from this author

04 Oct 2011

CIPFA logo

CIPFA'S financial management toolkit is to cross the Atlantic through a partnership with the North American Government Finance Officers Association.

GFOA's 17,500 state, provincial and local government finance officers in the US and Canada will be able to access the specially adapted Financial Management Model developed by CIPFA.

The best practice guide and diagnostic toolkit allows public bodies to self-assess financial management, potentially identifying weaknesses and boosting efficiency.

Anne Kinney, research and consulting director at GFOA, said: "The FM Model's track record of success in the UK makes it attractive as the basis for a model in the US. Working with CIPFA, we hope that the model will help to increase productivity and create savings in the delivery of public services."

Visitor comments Add your comment

Very good

That’s good news.

CIPFA is the best public finance accounting institute.

I am sure this financial management toolkit will help government finance officers in North America a lot.

Posted by: G. Lee, 04 Oct 2011 | 11:22

CIPFA & AICPA

After the successful launch of CGMA on 31 January 2012, AICPA will pursue similar joint venture with other international bodies of accountancy to offer add-on designation for AICPA member. Chartered Public Finance Accountant may be the next joint venture partner.

Posted by: Steve Hartley, 30 Jan 2012 | 09:55

CGMA Launch

It’s a bit weird to see some CIMA members opposing to the CGMA joint venture. They say it’s only benefiting AICPA members. The fact is the CGMA designation is awarded to CIMA members free of charge whereas all costs incurred in this joint venture (e.g. marketing & publicity) are milked from AICPA members. CIMA benefits and becomes well acknowledged amongst corporate America through the muscle of AICPA at NO COSTS to itself!

Posted by: Peter Tsang, 31 Jan 2012 | 09:44

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