Ian Ball

Ian BallIan Ball has been the CEO of IFAC since 2002. Prior to this role, he was Principal of Public Sector Performance (NZ) Ltd and Professor of Accounting and Public Policy at Victoria University of Wellington, New Zealand, a position he still holds. Ball is a Fellow of the New Zealand Institute of Chartered Accountants, where he served on both the Council and Executive Board, and of CPA Australia. He is also a member of the Chartered Institute of Public Finance and Accountancy in the United Kingdom. He has degrees in accounting from Victoria University of Wellington and a PhD from the University of Birmingham, England.

Papers Published in World Economics:

Government Accounting

As the current sovereign debt crisis engulfing Europe broadens and threatens to bring down more governments and lead the world into another, potentially very serious, economic slowdown, minimal commentary and public debate has focused on a fundamental problem, and the need to address it. That problem is the deficient – and sometimes fraudulent – accounting practices employed by many governments around the world. A major shortcoming of many governments has been highlighted by the crisis – that is, the poor quality of public financial management and the lack of public accountability. And, while robust public-sector financial management would not alone solve the crisis, it is clear that the problems presented by the crisis will not be solved without it. Shareholders, debt providers and regulators of publicly listed companies would not tolerate for a minute the poor levels of reporting and disclosure evidenced by governments. Yet while governments recognise the need to impose stringent regulations on companies accessing funds from the public, many – indeed most – make little or no effort to meet such high standards in their own reporting. This is despite the fact that governments seek to raise hundreds of billions – indeed trillions – of dollars from the public. Improved financial reporting, disclosure and financial management of the public sector cannot be achieved until there is recognition that the incentives faced by politicians promote decision-making that works contrary to the public interest and appropriate institutional reforms are implemented.

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