Global Financial Management Leaders: Responses to an Economically Challenging World

Jason Levergood Grant Thornton LLP

International Consortium on Governmental Financial Management Annual Conference, Miami, FL May 17, 2011 ± Key Biscayne Marriot Hotel
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‡ Imp ct f t cri i ‡ I tm t i i fr tructur ‡ I cr i tr p r cy ‡ 2012 IC FM ur y

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About the ICGFM survey

‡ Sponsored by ICGFM, conducted by Grant Thornton ‡ Survey methodology ‡ Anonymity ‡ Purpose: Examine impact and responses to economic upheaval and gain ideas for improving financial management

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Impact of the global financial crisis

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Impact Stimulus programs

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Impact of the global financial crisis

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Impact of the global financial crisis ± Stimulus programs

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Impact of the global financial crisis ± Stimulus programs

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Impact of the global financial crisis ± Stimulus programs

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Investment in infrastructure

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Attracting outside investment Public private partnerships

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Investment in infrastructure ± Attracting outside investment

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Investment in infrastructure ± Attracting outside investment

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Investment in infrastructure ± Public private partnerships

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Investment in infrastructure ± Public private partnerships

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Investment in infrastructure ± Public private partnerships

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Increasing transparency

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XBRL and financial management

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Increasing transparency

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Increasing transparency

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Increasing transparency

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Increasing transparency ± XBRL and financial management

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Increasing transparency ± XBRL and financial management

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Conclusions

‡ All countries have been affected by the global financial crisis ± Economic growth, currency values and export revenue ‡ More than 60% of our respondents adopted stimulus programs ± Over half believed stimulus programs to be positive ‡ Benchmarks for phasing out economic recovery programs included improvement in economic growth, general employment and limit to debt capacity ‡ Increase in spending on infrastructure was given as the number one area of focus for increased investment ± Education / Transportation / Healthcare ‡ Combating the impact of the crisis resulted in an adoption of extraordinary polices ‡ More than 75% of all respondents spoke of a new commitment to increased transparency ± Adoption of new standards included IAS and IPSAS
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2012 Global Financial Management Leaders Survey

‡ Tools of PFM Accountability ± Importance and barriers ± Standards ± Social media ± Accountability in action ‡ media; parliament; public auditors ‡ Survey conducted all week ± Thank you in advance for participation!
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Thank you

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Contact

Jason Levergood Grant Thornton LLP Global Public Sector 333 John Carlyle Street, Suite 500 Alexandria, VA 22314

P 703.637.3006 E Jason.Levergood@gt.com

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