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The Sovereign Debt Crisis, a Matter of Urgency―From Lessons to Reform
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Day One: March 19, 2012

8:45 – 9:15Welcome Remarks and Opening Address

Accounting, Transparency and Financial Stability 

Ian Ball, Chief Executive Officer IFAC

9:15-10:00Sovereign Financial Reporting and the Regulatory Gap 

Vincenzo La Via, Chief Financial Officer World Bank Group

10:00-10:45Code of Fiscal Responsibility—Keeping Sovereign States Out of Budget, Accounting
and Financial Management Trouble
 (supporting slides

The Honourable Ruth Richardson, Former New Zealand Finance Minister

10:45-11:15Networking Break
11:15-12:30From Cash to Accrual Accounting and Budgeting in Government—Why, When, and

Andreas Bergmann, Chair IPSASB 
Belén Hernández, Public Accounting Directorate Spain 
Gerhard Steger, Director General Budget and Public Finance Austria 

12:30 – 13:30

Buffet Lunch— Bruckner/Mahler/Brahms Strauss Room

13:30 – 14:15The Euro Crisis: Where We Stand, and Possible Consequences

Nicolas Véron, Senior Fellow Bruegel Institute
Visiting Fellow, Peterson Institute for International Economics (Washington DC)

14:15 – 15:45The Experience in Sweden

Jan Sturesson, Leader, Global Government and Public Services, PwC
Bo Lundgren, Former Minister for Fiscal and Financial Affairs Sweden
Göran Persson, Former Prime Minister of Sweden

15:45– 16:15Networking Break
16:15– 17:00GFC and Sovereign Risk—Solutions from Down Under

Professor the Honourable Stephen Martin, Chief Executive, Committee for Economic
Development of Australia


Gala Dinner—Klimt Ballroom

Ian Ball, Chief Executive Officer IFAC



Day Two: March 20, 2012

9:00 – 10:00Sovereign Debt and Public Finance Today—Lessons Learned and Looking Forward

James Turley, Chairman and Chief Executive Officer Ernst & Young

10:00 -10:30

Networking Break

10:30-11:30The Government Balance Sheet Crisis

Prof. Dr. Roger Dassen RA, Global Managing Director Clients, Services and Talent Deloitte
Touche Tohmatsu Limited

11:30-12:30Sovereign Debt Challenges and the Implications for the Accounting Profession

Honorable David Walker, Founder and CEO, the Comeback America Initiative and Former
Comptroller General of the US

12:30-13:30Buffet Lunch—Bruckner/Mahler/Brahms Strauss Room

13:30 – 15:45

The Long Term Fiscal Sustainability of Governments

John Herhalt, Global Chair Government and Infrastructure KPMG LLP
Jón Blöndal, Head of Budgeting and Public Expenditures OECD
Marco Cangiano, Assistant Director, Head of the Public Financial Management Division
International Monetary Fund
Robert Dacey, Chief Accountant Government Accountability Office USA
Fritz Zurbrügg, Director Swiss Federal Finance Administration

15:45– 16:15Networking Break

16:15– 16:45What Next? Strategies for Achieving Action

Andreas Bergmann, Chair IPSASB


Closing Address

Göran Tidström, President IFAC


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