Thursday, 15 March 2012

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ACCA holds discussion on improving public sector finance

From left -D.Vidanagamachchi ,Deputy Secretary to the Treasury, H.A.S.Samamaraweera, Auditor General, V.Kanagasabapathy, President of the Public Finance Accountants in Sri Lanka, Gillian Fawcett, Head of Public Sector ,ACCA and Dr.Afra Sajad, Regional Head of Education.

There is an increasing focus on improving the quality of public financial management around the globe, with many countries in both the developed and developing countries making important and impressive achievements in strengthening public financial management and governance.

However, the public sector is rapidly changing with an increasing emphasis on fiscal management and discipline, prioritization of expenditure and value for money.

Therefore there still remains much to be done where international donors, governments, national and local institutions including regulators and professional accountancy bodies, work together in partnership to achieve long lasting improvements in public sector financial management. With this in mind, ACCA together with the Institute of Chartered Accountants held a panel discussion at the Cinnamon Grand recently on this subject.

The eminent panel that took part in this discussion included Gillian Fawcett, Head of Public Sector ,ACCA, Dr.Afra Sajad, Regional Head of Education, ACCA, H.A.S.Samamaraweera, Auditor General, D.Vidanagamachchi ,Deputy Secretary to the Treasury, V.Kanagasabapathy, President of the Public Finance Accountants in Sri Lanka and Aruna Alwis Secretary to CA Sri Lanka.

 

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