The MOU extends the capacity of the two organisations to support excellence in public sector financial management. Both have overlapping interests and understand that public financial management is becoming an increasingly important issue for governments, especially with increasing pressure for greater transparency.

Commenting on the collaboration, Dr Adrian Pulham, executive director at CIPFA, said: ‘This MOU is great news for both organisations. In the wake of the European sovereign debt crisis the proper management and governance of public resources is one of the most pressing issues of our time and the bedrock of future economic stability and growth.

‘Through working together to share our experience, skills and expertise both organisations will improve their capacity and encourage better public sector financial management wherever they are operating.’

CPA Canada supports Canada’s public sector financial professionals with research, guidance and education. CIPFA specialises in supporting best practices in financial management and governance in the public sector in the UK and internationally.

The MOU allows CPA Canada and CIPFA to address areas of mutual interest to:

• Explore and enhance education and learning opportunities for public sector financial professionals;
• Collaborate on thought leadership, research and advocacy relating to high quality public financial management in Canada; and
• Address development with a global perspective.