ICGFM Promotes Knowledge Transfer Among Public Financial Management Experts

Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management by providing opportunities for professional development and information exchange.

Tuesday, May 20, 2008

Accountability and Transparency should not be "buzz words"

Relmond Van Daniker, Executive Director of the Association of Government Accountants, says that accountants give information to governments to help make decisions. He asks whether these financial statements help citizens make decisions. Mr. Van Daniker believes that current government reporting is too cumbersome for the average citizen.

In an AGA/Harris poll in 2008, the majority of Americans polled said that they did not get adequate information about government financials. The majority claimed that understanding the financial situation would affect their voting behaviour.

The AGA has created a citizen-centric report located at: http://www.agacgfm.org/citizen/default.aspx. Mr. Van Daniker pointed out the number of government organizations using this format and believes that this approach is starting to gain momentum. The U.S. Department of Defense is expected to be the first American federal government organization to use this approach.

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