As a result of the global financial crisis, governments across the world are having to cope with substantial pressure due to restricted budgets and increased demand for public goods and services. As a result, public-sector entities at all levels of government are facing unprecedented demands for improvement in the management of public finances.
In response, many of these organisations are undertaking a range of reforms to increase accountability and transparency, whilst also improving operational performance and the Value for Money (VFM) that the general public and individual consumers receive from public-sector services and activities.
PwC specialists in the Global Public Finance & Accounting network can offer assistance on a full conversion or accounting modernisation project and address with you the impact on policies, people, systems and processes. They can also provide ad hoc services on request (project and change management, IPSAS accounting advice, training and workshops, process and system improvement, financial management and reporting, etc.).
PwC has also been advising on IPSAS implementations for the last 10 years, with the first IPSAS implementation in the world done for the Organization for Economic Co-operation and Development in 2000. To capture and institutionalise PwC's extensive experience with IPSAS conversions, PwC founded PwC's Global Public Finance & Accounting centre of excellence. Since its founding, these industry specialists have continuously shared knowledge and leading practices in serving our largest global clients.
PwC has a multidisciplinary team of consultants with substantial experience requiring sharp expertise on technical issues as well as a strong know-how for practical implementation in complex national and international public sector organisations. Our teams combine all the competencies necessary for the success of our client’s projects: accounting, processes, internal control and reporting, IT, training, and communication, amongst others.