Current News

March 4, 2019

New Ebook Available: "Accounting for Governments: from Budget to Audit"


Michael Parry (current chair of the ICGFM Accounting Standards Committee) and Jesse Hughes (past chair) have teamed up to write the only book that comprehensively examines government financial management addressing the conceptual issues, challenges and detailed techniques in countries in every region of the world. 

“Accounting for Governments: from Budget to Audit” is essential reading for anyone interested in governance and the management of public resources by countries across the world - whether as a politician, official, adviser, practitioner or student.

Cem Dener from the World Bank stated “the authors are not only providing a clear and candid view of all important aspects of Government Financial Management (GFM), but also discussing several fundamental issues and the potential impact of disruptive technologies in GFM domain”.

Citizens have a right to know how their government raises, manages and spends their money – making government accountable. Yet despite modern technology and ever more sophisticated techniques of financial management, achieving effective accountability remains an elusive goal.

The attached flyer describes the book which addresses the history, current and future standards, and challenges facing governments seeking to apply fiscal discipline and maintain fiscal sustainability in their drive to become more transparent and accountable to their citizens. 

The 750 page e-book is available from Amazon, Apple iBook store and our own website

It has been priced at just £6/$8 to be accessible to all those involved in governance and seeking to improve living conditions across the world.

December 3, 2018


Strengthening Public Financial Accountability in developing countries is one of the fundamental tools to enhance good governance and development. The new initiatives, especially the New Public Management (NPM), resulted in changing the accountability concept from accountability in terms of procedural compliance to accountability in terms of efficiency and results (effectiveness and cost effectiveness). Accountability for results depends on clear objectives stated in measurable terms and on budgets showing the minimum results to be achieved. This must also be based on expenditure limits and on accounting and auditing systems that measure and report on actual results. Therefore, the current issue focuses on public sector accounting reform and enhancing public financial accountability.

- Prof. Dr. Hassan Ouda, Editor

Click here for the entire Journal!

November 5, 2018


ICGFM 2018 VIP Reception


Please click here to view photos from the ICGFM 2018 VIP Reception!  Thank you to all who could attend and we hope to see everyone at future ICGFM Events!

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