CIPFA/IMFO Partnership IMFO Conference Johannesburg October 2015 Dr Adrian Pulham Executive Director, Learning and Membership

CIPFA ― an introduction ●Professional body for public sector accountants and auditors ●Municipal standard setter ●PSIA standard setter ●Provide certification for members in public accounting and audit around the world ●Founder member of IFAC

‘The system by which the financial resources are planned, directed and controlled to enable and influence the efficient and effective delivery of public service goals’ ●better decisions ●better value for money ●Better outcomes for the taxpayers as: ●‘citizens’ in democratic engagement ●‘residents’ in their communities ●‘customers’ receiving services PFM Definition

●Analytical framework that supports development of effective PFM at country level ●Prompt for improvement ●Holistic model that complements existing assessment tools ●Identifies that an holistic approach is necessary – including a supportive environment The ‘Whole System Approach’

Why whole system? ●Recognises the interconnectedness of key players ●Supports the need for financial accountability, citizen involvement, parliamentary scrutiny and absence of corruption ●Identifies need for improvement across the system – no one initiative on its own is sufficient ●Recognises there are checks and balances in every system – the key is to act together to make PFM effective The whole is more than the sum of the parts

Who is it for? ●Governments, donors and their advisors ●Ministry of Finance or Treasury in countries focused on PFM reform ●Supreme Audit Institutions ●Professional Accountancy Organisations ●PFM professionals – who design, implement, operate, review, evaluate PFM ●PFM and good governance are inseparable All countries whatever their state of development

A New Partnership with IMFO ●Memorandum of Understanding ●Advocacy for public financial management reform ●Identification of areas for capacity building ●Provision of training opportunities ●Dual membership

CIPFA membership for accountants working in public benefit organisations: ● Collaborative approach with partner accountancy bodies to dual CIPFA membership ● ‘Faculty’ approach so that relationships maintained with partner bodies ● Flexibility to support all accountants and finance staff working in PFM ● Our role as capacity building individuals, public service organisations and accountancy bodies to ensure strong PFM in the public interest

Benefits to you ●Professional recognition ●CIPFA Membership ●Publications ●Expert panel involvement ●CPD ●Branch Activities ●Management Direct ●Further partnership working with IMFO

Conclusion: ●Working in pfm is exciting: financial management, audit, treasury management, investment funds, financial reporting, service the public interest, counter fraud ●Public finance accountants are leaders of reform ●Tailored approaches to suit local circumstances are vital ●System wide approaches are essential ●Collaboration and inclusiveness is key