FINANCE FUNCTIONS are not being effectively exploited in the public sector, a new CIMA report has indicated.
Central governments are prone to viewing accountants as handy for stewardship and reporting, but neglect their potential to support management and decision making, the institute found.
Head of corporate performance management Louise Ross, said: “Many governments suffer from a shortage of high-quality finance professionals and finance functions that lack strategic influence.
“It is the role of the finance professional – and especially the management accountant – to provide information to support decision making.”
Too many targets and poor decision support make it “difficult to create a robust culture of evidence-based decision making,” CIMA continued, pointing to New Zealand and Singapore as examples of public sector efficiency.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards