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Public Sector Financial Reporting Government Accounting : The role of the Department of Finance 18 th November 2010. Government Accounting. Accounting Policy Internal Audit Risk Management Policy. Context. Public vs. Private Environment Accountability or planning. Context.

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Government Accounting

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Government accounting

Public Sector Financial ReportingGovernment Accounting : The role of the Department of Finance18th November 2010


Government accounting

Government Accounting

  • Accounting Policy

  • Internal Audit

  • Risk Management Policy


Context

Context

  • Public vs. Private

    • Environment

    • Accountability or planning


Context1

Context

  • Government Accounting

    • Focus

    • Umbrella term


Financial reporting

Financial Reporting

  • What is it?


Financial reporting1

Financial Reporting

  • Focus of the Reports

    • Historical

    • Departments and not whole of Govt.


Rule making bodies

Rule making bodies

  • Private

  • Public

  • International Developments


Rule making dof

Rule making DOF

  • PFP

  • Circulars

  • Legislation / Regulation

  • Codes of Practice


Government accounting

C&AG

  • Role

  • Mandate


Rule making

Rule Making

  • The Future

  • Who can influence it


Government accounting section

Government Accounting Section

  • Outputs / Outcomes

    • Guidance

    • Sanction

    • Audit Queries


Government accounting1

Government Accounting

  • Promoting Best Practice in

    Government Accounting


Internal audit

Internal Audit

  • Mullarkey

  • Development of the IA function

  • Training of Auditors

  • Promoting Best Practice in IA

  • Current focus on IA from “Outside”


Risk management

Risk Management

  • From Where

  • Why

  • Promote Best Practice


Other

Other

  • PAC

  • Advice on Legislation

  • Better Financial Reporting


Other1

Other

  • International Developments

    • Performance Budgeting

    • Accrual Accounting

    • OECD/NESC reports

    • Any other emerging trends in Public

      Sector Financial Reporting


Summary

Summary

  • Why does Government Accounting exist

  • Impact on Public Sector Financial Reporting


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