28th Annual ICGFM Conference Closes in Miami

Public Financial Management Risk Assessment

PFM Reform Change Management Workshop

Competency Frameworks Key Tool to Enable PFM Reform

ICGFM Delegates Learn About Significant Changes to PEFA Framework

Global Megatrends Impact on Public Financial Management

Contemporary Trends in Public Financial Management

ICGFM Conference on Public Financial Management Innovation Kicks Off

Recovery and the Transparency Initiative

ICGFM Sustaining Members, Grant Thornton and the Association of Government Accountants have published a survey of Government CFOs in Canada and the United States.


Recovery and the Transparency Imperative

The survey uncovered eight principles of financial transparency and six levels of "recovery university". Participants ranked the importance of activities necessary to achieve unqualified audits. The survey recommends:

• Mind the basics of public financial management like budgeting and controls
• Invest carefully to optimize resources
• Improve financial reports
• Increase transparency

The Challenges of Realigning US Foreign Assistance with US Foreign Policy Goals

Denise Fantone from the United States Government Accountability Office (GAO) provided a perspective on the American government plan for transitional diplomacy. The F Bureau was created to reform and consolidate State Department and USAID activities and enable performance management.

ICGFM Presentation on State-F Process

Ms. Fantone described lessons learned in culture change in government including the need for workforce management and two-way communications. Documents referenced during the presentation included:

• Foreign Aid Reform: Comprehensive Strategy, Interagency Coordination & Operational Improvements Would Bolster Current Efforts
  GAO-09-192 (April 17, 2009)
• Foreign Assistance: State Department Foreign Aid Information Systems Have Improved Change Management Practices but Do Not Follow Risk Management Best Practices
  GAO-09-52R (November 21, 2008)
• Delegation of Authorities to the Director of Foreign Assistance
  GAO B-316655 (October 29, 2008)