Promoting Reforms in Public Sector Accounting - The World Bank's Role
The World Bank's Governance Global Practice plays a key role in promoting reforms in public sector accounting by addressing challenges such as fiscal transparency, capacity building, and stakeholder awareness. Through diagnostics, publications, and collaborative efforts, they aim to enhance competencies and raise awareness on the importance of quality public sector accounting.
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Presentation Transcript
PROMOTING REFORMS IN PUBLIC SECTOR ACCOUNTING The World Bank s Role PEMPAL TCOP Workshop on Public Sector Accounting and Reporting Minsk, October 2016 Arman Vatyan, Governance Global Practice, ECA Region The World Bank Group
GOVERNANCE GLOBAL PRACTICE STAFFING AND GLOBAL REACH 2 Over 750 staff in more than 100 country offices
GOVERNANCE GLOBAL PRACTICE WHAT CHALLENGES NEED TO BE ADDRESSED? increased demand for fiscal transparency opaque reporting of fiscal deficits and sovereign debt under resourced government institutions low capacity of accountants and auditors raising awareness amongst parliamentarians and CSOs developing global and regional networks to share knowledge sustainable professional education and training programs building IT systems to support reform agenda 3
What we do Diagnostics and Publications PSA Gap Analysis Roadmaps for Reform and Action Plans Comparative surveys of accounting practices Build Partnerships Knowledge Dissemination Technical Assistance
Our Approach Common Challenges Regional Build Share Supportive Networks Experiences Focus Magnified Convening Power
GLOBAL GOVERNANCE PRACTICE PUBLIC SECTOR ACCOUNTING PROGRAM WINDOW
Public Sector Accounting Reform and Institutional Strengthening-PARIS Proposed Development Objective Increase competencies of stakeholders and raise awareness of the importance of good quality public sector accounting Proposed Program Context Raise awareness and build consensus Diagnostic analysis of public sector financial reporting frameworks and development of roadmaps for reform Promote the development of public sector accounting education at university level, for professional qualifications, and for professional development
PARIS Expected outputs Regional conferences and workshops Development of high level guides on the benefits of and approaches to PSA Stock takes of PSA reforms, practices and initiatives in ECA Development of online repository of resources Gap analysis comparing national accounting standards against IPSAS Road maps for transition to new accounting framework Drafts of national accounting legislation Amendments of Charts of Accounts Community of practice for peer assisted learning on the profile and qualifications of public sector accountants and bookkeepers (training approaches, programs). Recruitment, promotion and recognition of finance staff in the civil service and public sector. Development of curriculum for public sector accountants and bookkeepers and delivery of IPSAS training events.
Potential Budget Estimate Budget 2016 -2020 Component Component 1 Reform Implementation and Support Component 2 Accounting Education Reform Component 3 Legislative Framework and Accounting Standards Component 4 Forum for Users of Financial Information Component 5 Country-level Implementation Support Project Administration Total 2016 2017 2018 2019 2020 Total 360,800 646,272 659,197 672,381 316,800 2,655,451 599,940 858,106 875,268 892,773 420,640 3,646,726 459,800 745,008 759,908 775,106 365,200 3,105,022 360,360 735,134 749,837 764,834 360,360 2,970,525 593,560 99,660 2,474,120 1,074,876 148,553 4,207,949 1,096,374 151,524 4,292,108 1,118,301 154,554 4,377,950 526,900 145,640 4,465,509 4,410,011 699,931 19,817,635
Resources and Current Projects SECO Albania 2,000,000 TF signed Serbia 2,000,000 Estimated start of implementation is January 2017. SECO Austria Regional 2,000,000 Austrian MOF counterpart has expressed interest in supporting the Public Accounting Reform Program
THE GOVERNANCE GLOBAL PRACTICE Thank You
