Global conference on PSFM on Saturday

Kathmandu, May 9

The Institute of Chartered Accountants of Nepal (ICAN) — accounting sector regulatory body — in association with the Confederation of Asian and Pacific Accountants (CAPA) is organising the ‘International Conference on Public Sector Financial Management’ on Saturday.

Organising a press meet in the Capital today, ICAN officials said that the international conference on public sector financial management aims to discuss about the accountability and transparency of the public sector organisations and companies.

The conference being organised with a theme of ‘Public Sector Financial Management: Enhanced Accountability and Transparency’ will bring together 60 international delegates from 18 member countries, out of 23 member nations of CAPA along with over 200 national accounting professionals to discuss on ways to strengthen transparency, accountability and audit function in the public sector.

Prakash Jung Thapa, president of ICAN, said that the international conference is going to be held in Nepal at a time when the issue of public sector financial management (PSFM) has been in the spotlight as the country transitions to the new federal system. “The technical sessions going to be held during the conference has been designed in a way that can benefit Nepal through the knowledge, expertise and skills of national and international experts to strengthen the preparedness of the stakeholders towards standardisations and improvisations of public sector finance management,” he said.

During the technical sessions of the conference, there will be paper presentations and discussions on issues like integrated financial management system, public financial management governance and practices and country experiences, PSFM challenges and way forward in the federal structure and strengthening audit function in the public sector.

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