tag:blogger.com,1999:blog-3678014737554291733.comments2024-02-29T23:19:30.294-05:00International Consortium on Governmental Financial Management (ICGFM)ICGFMhttp://www.blogger.com/profile/06718743300263855098noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-3678014737554291733.post-18162385421796403812012-02-21T04:49:25.027-05:002012-02-21T04:49:25.027-05:00XBRL enabled analytical applications for their per...<a href="http://www.taxprintindia.com/" rel="nofollow">XBRL</a> enabled analytical applications for their persistent analysis of company submissions. The incremental capabilities enabled by XBRL are provided in two areas: 1. incrementally more correct, timely and accurate data available for analysis from the company XBRL submissions that was previously available via traditional reporting / parsing processes; and 2. collaborative modeling and analytical capabilities provided by the formula standardization.jehnavihttps://www.blogger.com/profile/12231582579135116756noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-71571258380087781792011-04-04T07:15:29.196-04:002011-04-04T07:15:29.196-04:00The public finance management should be transparen...The public finance management should be transparent.the article given here explains the condition of transparency.<br /><br /><a href="http://finance-management.org" rel="nofollow">finance-carriers</a>andriahttps://www.blogger.com/profile/14027139675034581148noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-13249082777139431592010-10-12T14:46:42.389-04:002010-10-12T14:46:42.389-04:00Great overview on the internal auditing process,...Great overview on the <a href="http://www.amllp.com/" rel="nofollow"> internal auditing</a> process, thanks for the information.Internal Auditinghttp://www.amllp.com/noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-89144971665076879772010-07-09T08:13:46.459-04:002010-07-09T08:13:46.459-04:00I have gone through the presentation but I feel t...I have gone through the presentation but I feel there is a danger in the proposition. The Governments may be too intrusive and stifle the initiative of the private sector. This should be guarded against while framing the legislation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-4114157294564880422010-06-25T00:38:42.606-04:002010-06-25T00:38:42.606-04:00Very interesting this post
Hope this can be useful...Very interesting this post<br />Hope this can be usefull for the for professional development and information exchange. I think it can really workChrishttp://www.ascentador.com/chris-van-someren.htmlnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-72466718063986354022010-06-03T12:23:32.091-04:002010-06-03T12:23:32.091-04:00Readers may also enjoy "The Potential of XBRL...Readers may also enjoy "The Potential of XBRL in Federal Financial Reporting" on the Hitachi XBRL blog http://bit.ly/7MfdvR<br /><br />Bob Schneider<br />Editor, Data Interactive (the Hitachi XBRL blog)<br />hitachidatainteractive.comBobhttps://www.blogger.com/profile/15294714778925427669noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-52100235722628558522010-06-01T07:28:02.116-04:002010-06-01T07:28:02.116-04:00I agree with the speaker's views. The fact tha...I agree with the speaker's views. The fact that many of the companies which required bail out at the expense of the taxpayer paid fat bonuses to their top brass and their executives arrived in private jets to meet the US president only lends credence to the view that they are burning up taxpayers money. Putting such companies which are too big to fail under the oversight of the public auditor would be the right step.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-42962330180644159392010-05-22T20:31:32.336-04:002010-05-22T20:31:32.336-04:00I entirely agree with the views of Mr Verma. The p...I entirely agree with the views of Mr Verma. The private auditors have not acquitted themselves well in the present economic crisis. They would rather lose their integrity than a big ticket client. The original proposal, when the SEC was formed in the US was to enable it to have some control over private companies but it was shelved because of lobbying. Its high time that the SAIs are given a regulatory role for the bigger private firms to safeguard taxpayer's money.A Robbinsnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-77639469475212353332010-05-22T20:30:22.213-04:002010-05-22T20:30:22.213-04:00I entirely agree with the views of Mr Verma. The p...I entirely agree with the views of Mr Verma. The private auditors have not acquitted themselves well in the present economic crisis. They would rather lose their integrity than a big ticket client. The original proposal, when the SEC was formed in the US was to enable it to have some control over private companies but it was shelved because of lobbying. Its high time that the SAIs are given a regulatory role for the bigger private firms to safeguard taxpayer's money.A Robbinsnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-67977904609154914532010-05-19T10:07:41.330-04:002010-05-19T10:07:41.330-04:00I think this kind of reform will be useful much fo...I think this kind of reform will be useful much for developing countries too.student graduate loanshttp://studentgraduateloans.comnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-39832948964135189562009-06-02T21:56:28.384-04:002009-06-02T21:56:28.384-04:00Vivek has made a case for the effectiveness of the...Vivek has made a case for the effectiveness of the Open Budget Index. As we heard in the discussions about PEFA in May and MCC in December at ICGFM conferences, there is something to be said about objective evaluations. The numbering algorithm might not be entirely effective, but the results act as an excellent benchmark.ICGFMhttps://www.blogger.com/profile/06718743300263855098noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-33063473419252047572009-06-01T14:34:55.880-04:002009-06-01T14:34:55.880-04:00There's three general categories of response when ...There's three general categories of response when someone brings bad news: <br /><br />1) fix the problem<br />2) ignore it<br />3) kill the messenger<br /><br />Option three is popular with some governments. Ironically, the very transparency and granular detail that makes tools like the Open Budget Index so valuable also makes it easier to attack. While results based aggregations of surveys may be completely nuts, no one has access to the source data, so we just have to accept it. For these new second-wave assessments that have open, original source data, there's always something to pick away at, even if it represents a tiny fraction of the assessment and an overall vast improvement on accuracy and usefulness of the better-known governance indices. <br /><br />Governments can be expected to push back on negative assessments, but one rather hopes the wider community won't reward this.Jonathan Eyler-Wervehttps://www.blogger.com/profile/07738808859636150098noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-79797846932841719302009-05-26T17:03:56.991-04:002009-05-26T17:03:56.991-04:00Check out http://icgfm.blogspot.com/2009/05/obi-re...Check out http://icgfm.blogspot.com/2009/05/obi-response-to-blog-posting.html for updated response from Vivek Ramkumar.<br /><br />The confusion over dates may have been related to what was available by September 2007 vs. September 2008. Of course, there could be some misunderstanding about definitions - clearly OBI is focused on what was publicly available.ICGFMhttps://www.blogger.com/profile/06718743300263855098noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-64464183885946652542009-05-22T12:40:53.756-04:002009-05-22T12:40:53.756-04:00This comment has been removed by a blog administrator.johnmckenziehttps://www.blogger.com/profile/14529116507228649368noreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-27921770867551953242009-05-15T18:04:00.000-04:002009-05-15T18:04:00.000-04:00This comment has been removed by a blog administrator.forex guideshttp://www.forex-guides.comnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-43765994329505249912009-04-16T11:05:00.000-04:002009-04-16T11:05:00.000-04:00This comment has been removed by a blog administrator.socrehttp://socre.orgnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-58493902666072829372009-03-05T12:26:00.000-05:002009-03-05T12:26:00.000-05:00The topic was of great importance, something that ...The topic was of great importance, something that everyone is well aware of and in need of some desperate answers. I particularly agree with Mr. Lapidus regarding the need for an increase in incentive/punishment on the financial agents who acted with their own priorities on the front line, when they should have acted with the individual’s best interest. It is here the root of many problems, which need to be repaired as one of the first priorities on the agenda.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-85085986216372361772008-12-18T19:55:00.000-05:002008-12-18T19:55:00.000-05:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-72265977073350803692008-12-04T23:25:00.000-05:002008-12-04T23:25:00.000-05:00A refreshing view. "Best practices" has become a b...A refreshing view. "Best practices" has become a buzz word popular with software vendors and consultants. Governments are modernizing, so any so-called "best" practice will rapidly become dated.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-39354412470904270222008-07-18T16:29:00.000-04:002008-07-18T16:29:00.000-04:00ET, There are limited resources. The goal is ...ET,<BR/> There are limited resources. The goal is to target countries where projects have the greatest potential for positive feedback and are least likely to be sapped by ineffective institutions. Importantly, a country’s per capita income is examined only to determine if it qualifies as a candidate (Low income category: <$1,735 and High income $1,735 – $3,595) and is not used for further discrimination. It is true that measures used by MCC, such as immunization rates, could indirectly reflect differences in per capita income within the groups. Measures such as public expenditure on healthcare and primary education have the potential to reflect income advantages, but are easily scaled to reflect a percentage of per capita income. It would also be possible to calculate a “disposable per-capita income” for each country, which subtracts from the GDP the costs of running a government and providing other services appropriate to the level of development such as roads and police. However, this would require increased subjectivity in determining appropriate expenditure. Additionally, this level of resolution is probably greater than is needed for the analyses MCC is performing.<BR/> This method is likely to be effective. While the funding MCC has at its disposal currently may be limited, other larger aid groups are likely to adopt similar quantification schemes after the MCC has proven the concept.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-18640952896929732642008-07-18T16:26:00.000-04:002008-07-18T16:26:00.000-04:00How can you justify accepting only above average c...How can you justify accepting only above average countries as eligible candidates? With this policy of rewarding better performers you’ll only expand the gap between the haves and the have-nots. The proposal that this will incentivize the development of better policy is inhumane. It is inappropriate to expect everyone to be above average, rather, the focus of the MCC should change to be more equitable and less discriminatory.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-11716363285531417632008-06-24T06:49:00.000-04:002008-06-24T06:49:00.000-04:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3678014737554291733.post-70010103511772723952008-05-28T18:10:00.000-04:002008-05-28T18:10:00.000-04:00I want to thank the ICGFM for the opportunity to d...I want to thank the ICGFM for the opportunity to discuss how MCC uses quantitative indicators to assess country policy performance and take this opportunity to clarify some of the points raised in the blog entry. <BR/><BR/> <BR/><BR/>MCC has a clear mandate: to reduce poverty through economic growth. MCC works with countries that have good policy performance in comparison to their peers. To select its partners, MCC uses a transparent system based on objective third party indictors. The indicators are publicly available and MCC provides a guide on its web site to how they are used in the country selection process: http://www.mcc.gov/documents/mcc-fy08-guidetoindicatorsandtheselectionprocess.pdf<BR/><BR/> <BR/><BR/>Regarding the size of MCC assistance, MCC’s investments will have an impact by stimulating economic growth and reducing poverty. Donor financing alone will not eliminate poverty in a country if the policies are not conducive to economic growth. Good policies are the key to increasing investment, which is necessary to increasing long term economic growth and reducing poverty. MCC rewards those countries with good policy environments and provides an incentive for countries to improve their policy performance. <BR/><BR/> <BR/><BR/>The indicator system that MCC uses is designed to help identify those countries that have good policies in place. The indicators are not used by MCC as a guide to design specific programmatic interventions; other, more disaggregated, indicators which are narrower in scope are better suited to this role. The indicators MCC uses give an overview of overall policy performance and do a good job in characterizing how countries perform. <BR/><BR/>Thomas Kelly<BR/>Director for Economic Policy at the Millennium Challenge CorporationAnonymousnoreply@blogger.com