Purposes and Objectives

    The Consortium, as the only worldwide grouping of organizations and people involved in governmental financial management, encourages its members to work together to promote a better understanding of professional financial management among public officials at all levels of government through:

              (1) exchange of information and ideas -- providing an international
                      clearinghouse of information relevant to governmental
                      financial management;

              (2) research, training, and publication of results;

              (3) liaison between the individual organization to better promote
                       mutual objectives;

              (4) maintenance of high professional standards among governmental
                       financial managers;

              (5) stimulating governments to recognize the critical importance
                       of improved professional management of public resources; and

              (6) collaborating in development programs which channel technical
                       assistance to developing countries.

       The Consortium´s activities are limited to the following areas which constitute the disciplines of governmental financial management: accounting, auditing, budgeting, data processing, debt ad-ministration, retirement administration, and treasury management. These areas provide the general frame of reference for the programs, activities, and operations of the Consortium.

      The Consortium does not duplicate the goals or functions of other financial organizations. Its purpose is to provide a worldwide framework for bringing together financial managers and auditors at the municipal, state, federal, and international levels, as well as others who are interested in their work. It operates through a network of existing organizations and institutions and constitutes a worldwide channel of communications for them.