CIPFA urges governments to get a handle on finances
CIPFA joins IFAC's call for all governments to work on better financial control
MORE ACCOUNTANTS must come forward to push governments to better manage their finances or risk future financial and sovereign debt crises.
CIPFA today said coordinated global action was needed to improve governments’ financial management. This follows a strongly-worded call for better control from global accounting body IFAC last week.
“The time has come for all governments to wake up and confront their financial management shortcomings,” said CIPFA chief executive Steve Freer at a Berlin IFAC meeting. “We need a concerted global effort to deliver a step-change improvement. The public interest demands nothing less.”
CIPFA’s message came as it launched its new prospectus Fixing the Foundations.