Some of you are ICGFM veterans and we have been fortunate to welcome you to events in previous years. For those that are new to the event and to the organization we extend a warm welcome. This is our 27th Annual conference. We can certainly all agree that we have come a long way since our first event. We have built something special here at ICGFM and we are very much looking forward to a great event and a great year.
The ICGFM is dedicated to working globally with governments, organizations and individuals, to improve financial management so that governments may better serve their citizens. The Board, Executive Committee and Officers have been very busy in preparing appropriate programs to address the challenges of public financial management that are facing all of us. In addition to our experts at this Miami conference, we have had some very interesting and recognized speakers at our monthly Forum luncheons in Washington DC. And, last December we had a very successful Winter Conference at the IMF location in Washington DC. We are deeply grateful to those of you who have been able to participate in ICGFM events as the topics and the speakers have been specially chosen assist you in your efforts at improving public financial management.
This difficult economic environment and the continuing uncertainty in the global economy present many challenges that are faced by Governments struggling to provide services to their citizens. Regulatory activity is at an all-time high and finding efficiencies and adding value holds considerable appeal. A collaborative approach, such as our participation at this conference, provides value added solutions and the sharing of practical experiences that benefit all of us and contributes to effective leadership. Our Vice President of Programs and the Program Steering Committee have put together an exciting program for this year’s conference with Good Public Financial Management Practices in a Period of Global Adjustment as the theme. We have some cutting edge sessions by appropriate and recognized experts in the field to prepare you so that you can effectively address tasks as effective government financial managers.
Here’s a quick overview of what we have in store for the week.
· Today we will hear from various countries on their lessons learned regarding fiscal adjustment, risk management and approaches in PFM. You will also have the chance to contribute to the ICGFM Global PFM Leaders Survey this afternoon.
· On Tuesday we will hear about the revised COSO Internal Control Framework from Richard Chambers. Jesse Hughes will introduce a new initiative to help countries transition to IPSAS standards and we’ll also learn about performance management and sustainability.
· On Wednesday we will have presentations on emerging PFM architecture, the benefits of open government, and the evolution of external public audit.
· Thursday we will discuss how to increase budget transparency at the sub-national level and we’ll hear about an innovative approach to assessing the factors that affect successful change.
· Friday we will hear from an INTOSAI Working Group on the value and benefits of SAI’s approach towards modern PFM reforms and the implementation of a Medium Term Expenditure Framework.