Global Financial Management Leaders: Responses to an Economically Challenging World
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Transcript of Global Financial Management Leaders: Responses to an Economically Challenging World
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8/6/2019 Global Financial Management Leaders: Responses to an Economically Challenging World
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Grant Thornton LLP. All rights reserved.
Grant Thornton LLP. All rights reserved.
Global Financial Management Leaders:
Responses to an Economically Challenging
World
Jason Levergood
Grant Thornton LLP
International Consortium on Governmental Financial Management
Annual Conference, Miami, FL
May 17, 2011 Key Biscayne Marriot Hotel
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r
t r
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ll ri t r r
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b ut t 2011 ur y
Imp ct f t cri i
I tm t i i fr tructur
I cr i tr p r cy
2012 IC FM ur y
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Grant Thornton LLP. All rights reserved.
About the ICGFM survey
Sponsored by ICGFM, conducted by
Grant Thornton
Survey methodology
Anonymity
Purpose: Examine impact and
responses to economic upheaval and
gain ideas for improving financial
management
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Impact of the global financial crisis
Impact
Stimulus programs
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Impact of the global financial crisis
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Impact of the global financial crisis Stimulus
programs
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Grant Thornton LLP. All rights reserved.
Impact of the global financial crisis Stimulus
programs
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Grant Thornton LLP. All rights reserved.
Impact of the global financial crisis Stimulus
programs
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Investment in infrastructure
Attracting outside investment
Public private partnerships
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Investment in infrastructure Attracting outside
investment
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Grant Thornton LLP. All rights reserved.
Investment in infrastructure Attracting outside
investment
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Investment in infrastructure Public private
partnerships
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Grant Thornton LLP. All rights reserved.
Investment in infrastructure Public private
partnerships
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Grant Thornton LLP. All rights reserved.
Investment in infrastructure Public private
partnerships
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Grant Thornton LLP. All rights reserved.
Increasing transparency
XBRL and financial
management
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Grant Thornton LLP. All rights reserved.
Increasing transparency
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Grant Thornton LLP. All rights reserved.
Increasing transparency
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Grant Thornton LLP. All rights reserved.
Increasing transparency
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Grant Thornton LLP. All rights reserved.
Increasing transparency XBRL and financial
management
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Grant Thornton LLP. All rights reserved.
Increasing transparency XBRL and financial
management
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Grant Thornton LLP. All rights reserved.
Conclusions
All countries have been affected by the global financial crisis
Economic growth, currency values and export revenue
More than 60% of our respondents adopted stimulus programs
Over half believed stimulus programs to be positive Benchmarks for phasing out economic recovery programs included
improvement in economic growth, general employment and limit to debtcapacity
Increase in spending on infrastructure was given as the number one areaof focus for increased investment
Education / Transportation / Healthcare Combating the impact of the crisis resulted in an adoption of extraordinarypolices
More than 75% of all respondents spoke of a new commitment toincreased transparency
Adoption of new standards included IAS and IPSAS
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Grant Thornton LLP. All rights reserved.
2012 Global Financial Management Leaders Survey
Tools of PFM Accountability
Importance and barriers
Standards
Social media
Accountability in action
media; parliament; public auditors
Survey conducted all week
Thank you in advance for participation!
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Grant Thornton LLP. All rights reserved.
Thank you
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Grant Thornton LLP. All rights reserved.
Contact
Jason Levergood
Grant Thornton LLP
Global Public Sector
333 John Carlyle Street, Suite 500
Alexandria, VA 22314
P 703.637.3006
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