Attracting and Retaining Finance Personnel: An Urgent Challenge for the Public Sector
Brian Blood | August 16, 2016 |
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The Confederation of Asian and Pacific Accountants (CAPA), an IFAC recognized regional accountancy organization, has launched its latest thought leadership publication, Attracting and Retaining Finance Personnel in the Public Sector. The report was launched at the CAPA-World Bank event, Financial Reform for Economic Development in Asia – Public Sector Forum 2016, in May in Kuala Lumpur, Malaysia.
Addressing a significant challenge for the public sector, it examines issues of capacity and capability, one of The Eight Key Elements of Public Financial Management Success, issued by CAPA in 2014. That publication pointed out that “having the right people will be crucial for the advancement of financial management in the public sector.” To address the challenge, CAPA suggests that a multi-faceted stakeholder approach is needed. The new publication has identified the stakeholders and methods they can employ alone or in concert with others, especially professional accountancy organizations, to attract and retain finance personnel.
Professional accountancy organizations are encouraged to use the identified strategies and methods as a means of engaging stakeholders in the public sector to address a key element in improving public sector financial management.
For further information, visit the CAPA website.
Chief Executive, Confederation of Asian and Pacific Accountants
Brian is the Chief Executive of CAPA, the regional organization recognized by IFAC as representing PAOs in, or with an interest in, Asia Pacific. Brian is also an independent chair/member on a number of Australian public sector audit and risk committees involving state planning and development, transport, health and emergency services. Formerly, Brian was a partner in global accounting firms and was the President of CPA Australia in 2002. He was honored with a Centenary Medal for services to the accounting professional in Australia in 2013. See more by Brian Blood
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Lungisa Gqweta September 1, 2016
one of the key aspects to this is the political pressure and unethical leaders who does not have what it takes to be a leader. Leaders inthe public service are easily corrupted whilst some of them are obsessed with position but can't deliver.