TORONTO, May 27, 2015 /CNW/ - A new Memorandum of
Understanding (MOU) has been announced between the Chartered
Professional Accountants of Canada
(CPA Canada) and the Chartered Institute of Public Finance and
Accountancy (CIPFA) of the United
Kingdom.
The MOU extends the capacity of the two organizations to support
excellence in public sector financial management. Both have
overlapping interests and understand that public financial
management is becoming an increasingly important issue for
governments, especially with increasing pressures for greater
transparency.
"Through the MOU, we can leverage our combined expertise for the
benefit of Canada's public
service," explained Kevin Dancey,
president and CEO, CPA Canada. "Both our organizations strive to
serve the public interest and are engaged in building confidence
and enhancing the governance processes in public sector
institutions."
CPA Canada supports
Canada's public sector financial
professionals with research, guidance and education. CIPFA
specializes in supporting best practices in financial management
and governance in the public sector in the U.K. and
internationally.
"This MOU is great news for both organizations as they work
together in the public interest to advance good public financial
management at home and around the world," said Dr. Adrian Pulham, executive director, CIPFA. "In
the wake of the sovereign debt crisis the proper management and
governance of public resources is one of the most pressing issues
of our time and the bedrock of future economic stability and
growth. And through working together to share our experience,
skills and expertise both organizations will improve their capacity
and encourage better public sector financial management wherever
they are operating."
The MOU allows CPA Canada and CIPFA to address areas of mutual
interest to:
- Explore and enhance education and learning opportunities for
public sector financial professionals
- Collaborate on thought leadership, research and advocacy
relating to high quality public financial management in
Canada
- Address development with a global perspective
CIPFA is the Platinum sponsor of CPA Canada's Awards of
Excellence in Public Sector Financial Management (PSFM awards) and
was a founding partner in the program seven years ago. The PSFM
awards promote innovation, bold leadership and career achievement
in the public sector.
The MOU was officially announced this evening in Ottawa at the 2015 edition of the awards.
"The awards dinner was an ideal setting to unveil this new
initiative aimed at supporting the critical work of those in
finance within Canada's public
sector," said Dancey.
About CPA Canada
Canada's accounting profession is uniting
under a new single designation, Chartered Professional Accountant
(CPA). The profession's national body, Chartered Professional
Accountants of Canada (CPA
Canada), represents and supports more than 190,000 members across
the country. CPAs are valued for their financial and tax expertise,
strategic thinking, business insight, management skills and
leadership. CPA Canada has
consolidated the operations of three national accounting bodies:
The Canadian Institute of Chartered Accountants, the Certified
General Accountants Association of Canada and The Society of Management
Accountants of Canada. CPA
Canada conducts research into
current and emerging business issues and supports the setting of
accounting, auditing and assurance standards for business,
not-for-profit organizations and government. It also issues
guidance on control and governance, publishes professional
literature and develops certification and continuing education
programs.
About CIPFA
Since its foundation in Manchester in 1885 as the Corporate Treasurers
and Accountants Institute, the Chartered Institute of Public
Finance and Accountancy (CIPFA) has promoted and ensured the good
financial management of public resources. As the world's only
professional accountancy body to specialise in public services,
CIPFA's portfolio of qualifications are the foundation for a career
in public finance and in the good management of public money.
CIPFA champions high performance in public services, translating
experience and insight into clear advice and practical services.
These include information and guidance, courses and conferences,
property and asset management solutions, and extensive advisory
services for a range of public sector clients. Globally, CIPFA
leads the way in public finance by standing up for sound public
financial management and good governance. It works with
international aid donors and agencies, partner governments,
accountancy bodies and the wider public services as well as private
sector partners around the world to advance sound public financial
management and support effective and efficient public
services.
SOURCE CPA Canada