Overview

The UK has published their most recent Whole of Government Accounts (WGA) for 2017-18. This is a colossal exercise that consolidates the audited accounts of over 8,000 organisations across the public sector, in order to give a comprehensive picture of what the government owns and what is owes.

To help maximise the benefit of the WGA, HM Treasury launched its first-ever Balance Sheet Review which is aimed at improving the returns on the government’s assets and reducing the costs of its liabilities.

Join us to hear from the two UK civil servants leading on the WGA and Balance Sheet Review. You will learn more about these initiatives and how governments can improve their public financial management in order to increase transparency and accountability and improve decision-making.

Speakers

Alex Metcalfe, Professional Insights, ACCA

Alex Metcalfe is the Head of Public Sector Policy in the Professional Insights team at ACCA. He leads on developing thought leadership for the public sector. Alex has previous experience in the UK and Canadian Civil Service, including working as a Senior Economist at the Ontario Ministry of Finance in Canada. His published research includes work on talent management in the public sector, immigration and skills, social mobility and government policy, as well as economic analysis on the cumulative cost of government policy on small firms. 

Alex is a Fellow of the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA). He studied at Oxford, Cambridge and Queen's universities.

Olivia Halliday, Head of Balance Sheet Management

Olivia works at HM Treasury delivering the Balance Sheet Review, an excellent example demonstrating the value of accrual accounting and the finance profession to find ways to release resources to invest in delivering public services. It builds on the work she originally did at the Treasury, successfully publishing the first ever Whole of Government Accounts for the UK, earning the Government Finance Professional Award for Outstanding Contribution to the Profession in 2011. The UK WGA is still today one of the most comprehensive public sector financial accounts in the world. Before joining Treasury, Olivia worked in the financial services and international sectors with PricewaterhouseCoopers and Deutsche Bank.

Kevin Pertaub, Head of Whole Government Accounts

Whole of Government Accounts (WGA) is one of the largest and most complicated public accounts in the world, providing a full IFRS compliant set of accounts for the UK public sector. Kevin heads up this area and trained at the NAO, where he spent eight years, including one year leading the audit of WGA for 2012-13. 

Watching this webinar can count as CPD for ACCA members, so feel free to send the links to your colleagues. ACCA’s CPD policy states that one hour of learning is equivalent to one unit. Learning is verifiable if it is relevant to your career, you can demonstrate how you have applied the learning and you can prove that the learning took place.