Financial Management and Control Beyond Ministries of Finance

Webinar: June 2, 2017IOnline, 10:30-12:00 am CESTIAccounting and Auditing

Despite tangible gains in setting up the legislative frameworks for public internal control (PIC) in many SEE countries, there are difficulties with the materialization of the expected benefits of improved financial management and control (FMC). Current reform efforts in many countries remain largely technical, rather than managerial and FMC-related interventions are frequently made in isolation from broader budgetary and public administration reforms. Moreover, the ownership over the reform process between the MoF and the line ministries remains blurred.

This webinar was part of FMC webinar series designed and developed by the CEF. The series include three interlinked webinars, that are about to be delivered in 2017.

About the FMC webinar series

The objectives of the FMC webinar series are to:

  • Promote understanding of the context and importance of FMC reforms for good governance and accountability
  • Explain the concepts and framework that provide the theoretical underpinnings of PIC and FMC
  • Explore and distinguish the levels and respective roles and responsibilities in harmonization of PIC between MoFs and line ministries
  • Explain additional responsibilities that FMC imposes on managers and appropriateness of existing management structures
  • Make clear the benefits of FMC
  • Explore the links between public administration, public finance management and public internal control reforms
  • Inform future policy and action plan formulation

First webinar topics

The first FMC webinar took a broader, strategic perspective and focused on the topics of:

  • Good governance and accountability are essential to effective FMC
  • FMC is a management reform, not just a financial control reform – is there sufficient awareness of the implications?
  • Identifying the benefits of introducing FMC

Agenda of the first webinar

Kaja Jurtela, CEF Program Facilitator: Introduction (5 min)

Nihad Nakaš, Senior Program Advisor, Center of Excellence in Finance: Overview and objectives of all three webinars (10 min)

Manfred van Kesteren, Senior Advisor Auditor, Ministry of Finance of the Netherlands: Effective FMC/PIC structures and processes — case of the Netherlands (15 min)

Noel Hepworth, Independent Public Policy Professional: FMC/PIC strategic considerations (15 min)

Q&A (up to 45 min)

Who was it for

  • Senior and operational staff in ministries of finance (Central Harmonization Unit, budget department, treasury department)
  • Senior and operational staff in central government line ministries (secretaries, officials responsible for public service delivery: e.g. police services, defense, health, education, etc., heads of finance departments, heads of internal audit departments) 
  • Senior public officials responsible for design/implementation/monitoring of Public Administration Reform strategy, Public Finance Management reform strategy, and/or Public Internal Financial Control strategy

 

Partners

This learning initiative was supported by:

Ministry of Finance Slovenia Ministry of Finance, the Netherlands