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As the global accountancy profession began adapting to the COVID-19 pandemic and its consequences, the International Federation of Accountants convened a series of round-table discussions to understand the implications of [...]

The article discusses four key actions to help make public services, and entire economies, more sustainable and resilient over the long term. These include knowledge-sharing between professional accountancy organisations, forming partnerships to enhance collaboration in accountancy development, and ensuring that careers in public financial management are attractive.

The article discusses the importance of strong public financial management (PFM) systems to combat hunger, poverty and provide clean water in developing countries as it supports accountability and efficiency and increases foreign direct investments. It also mentions professional accountancy organisations (PAOs) can boost the quantity and quality of accountants and the International Federation of Accountants including CIFPA works to raise awareness and changes needed to strengthen PFM.