Why Public Accounting Matters For Good Governance - Ian Ball

Описание: Ian Ball is an Adjunct Professor in the School of Accounting and Commercial Law at Victoria University of Wellington, and until 2021 was Chair of the Audit Committee for the financial statements of the New Zealand Government.
He was Chief Executive Officer of the International Federation of Accountants (IFAC) (2002-2013).

Earlier, as Chairman of the IFAC Public Sector Committee (now the International Public Sector Accounting Standards Board) (1995-2000), he initiated and led the development of International Public Sector Accounting Standards. While with the New Zealand Treasury (1987-1994) he was responsible (as Director of Financial Management Policy and then Central Financial Controller) for the development and implementation of the Public Finance Act 1989, making New Zealand the first country to adopt accrual budgeting, appropriations and accounting .

In this episode, he talks about why public accounting matters for any country interested in good governance.

TIMESTAMPS:
00:00 The Public Debt Challenge
08:50 Bad Accounting in the US Govt
13:50 US Dysfunction
20:48 Political Inertia in Reform
23:00 New Zealand's Financial Reforms
32:10 Measuring Performance
37:26 New Zealand's Transition In Practice
45:55 New Zealand's Public Finance Act
58:30 Lessons From New Zealand
01:00:23 New Zealand's Unique Economic Resilience
01:02:54 Ian's Advice

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