By Mohd Faiz Othman

Strong public financial management processes and systems are essential for effective and efficient delivery of public services, transparent public finances, and trust between government and citizens. 

Many developed and emerging nations, including Malaysia, are taking steps to reform public financial management and governance to manage key risks arising from the COVID-19 pandemic, climate change, and volatile global environment.

Due to their key role in upholding fiscal responsibility and accountability in the public interest, accountants and finance professionals in public sector organisations nowadays face a tremendous challenge in helping the government deliver its services as well as fulfil its commitments to the UN Sustainable Development Goals (SDGs).

As a regulatory body of the accountancy profession in Malaysia serving more than 38,000 members along with various partners and stakeholders, the Malaysian Institute of Accountants (MIA) is strongly advocating for improving public financial management systems in support of good governance and sustainability.

To drive its public sector advocacy, MIA will be organising a Public Sector Financial Management Conference 2022 (Physical). This two-day conference will take place from 8 December until 9 December 2022 at Pullman Kuala Lumpur, Bangsar from 9.00 am to 5.00 pm (Day 1) and 9.00 am – 1.30 pm (Day 2).

The Public Sector Financial Management Conference 2022 will feature panel discussions by leading speakers and industry experts on the latest developments affecting the public sector. Delegates can expect to:

  • understand the challenges of public sector accounting reforms
  • to keep abreast of the latest developments in the International Public Sector Accounting Standards (IPSAS) on leasing issues
  • to understand the significance of public sector financial management’s contributions toward achieving the Sustainable Development Goals (SDGs) and 
  • to reinforce the importance of combating corruption, specifically in procurement, to minimise leakages, enhance trust and support fiscal governance.

With the theme ‘Spearheading Reforms in the Public Sector for a More Sustainable Future’, the conference will focus on the relevant key developments and issues which public sector financial professionals must know to be agile, resilient, and future proof. 

Highlights of the Public Sector Financial Management Conference 2022 include:

This panel session will discuss on the challenges in implementing these reforms and the way forward in PSA transformation.

This session will discuss on how public sector finance can build better resilience to handle any future shocks.

This session focuses on upskilling public sector accountants and finance professionals to become data analysts and interpreters. 

This session will discuss on the potential challenges and impacts arising from the issuance of the new International Public Sector Accounting Standard (IPSAS) 43, Leases based on International Financial Reporting Standard (IFRS) 16, Leases.

This session will discuss the ongoing journey to combat procurement corruption as well as the pivotal role played by ethical accountants in the public sector.

This session assesses the status quo for sustainability reporting in the public sector, in Malaysia and globally, and projects the way forward.

This session examines how integrating the ESG agenda in public sector finance could bring about major impacts and positive changes for risk management and auditing in the public sector.

This session will focus on the roles of public sector finance in accomplishing the set goals for sustainable development.

To register for the Public Sector Financial Management Conference 2022, please click here.

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