CIPFA and the International Federation of Accountants (IFAC) are seeking feedback on a consultation draft outlining an international framework on governance in the public sector which is designed to encourage better service delivery and improved accountability.

The two professional bodies say the framework is not intended to replace national and sectoral public sector governance codes, but will act as a reference document for updating and reviewing purposes. It will also offer a benchmark for what constitutes good governance in instances where codes and guidance do not already exist.

The principles-based framework Good Governance in the Public Sector has been developed following an initial literature review and with input from an international reference group. It emphasises the need for a commitment to integrity, ethical values, and the rule of law as well as openness and comprehensive stakeholder engagement.

CIPFA chief executive Steve Freer said: 'Public expenditure forms a significant part of gross domestic product and public sector entities are substantial employers and major capital market participants. The impact and the nature of their outputs, as well as their financing through taxation, puts a premium on strong, effective governance.'

CIPFA and IFAC are encouraging comment on the consultation draft, by a deadline of 16 September 2013. It is available on IFAC's website HERE