IFAC Response to PEFA GN Consultation

IFAC submitted this comment letter to Public Expenditure and Financial Accountability (PEFA) on its public consultation for Guidance Note on Sequencing PFM Reforms, specifically on the section that deals with “developing the accounting system.” The comment letter addresses multiple issues, including the importance of robust arrangements for public sector financial management, the use of International Public Sector Accounting Standards, and implementation of public sector financial management reforms.