Preserving Economic Gains and Investing in the Future: Promoting Growth through Improved Financial Accountability
CReCER, a Latin America and the Caribbean (LAC) flagship learning initiative, supports regional economic growth and development through improvement of financial reporting and accountability framework in the public and private sectors. As in previous years, the 2015 Conference under the collaborative leadership of the four Global Partners – The World Bank Group, the Inter-American Development Bank, the International Federation of Accountants, and the Global Public Policy Committee, the Regional Partner – Interamerican Acccounting Association, and the Local Partners – Colegio de Contadores Públicos de Pichincha and the Ecuadorian Ministry of Finance and Supreme Audit Institution will reflect the regional background and current context.
Over the past three decades, LAC has experienced social and economic transformations with comparatively high average annual GDP growth rates, declining levels of poverty, and an expansion of the middle class. Yet, the region continues to face key challenges with high levels of income inequality within countries, citizens’ increased demands for access to quality public services and increased participation in decision making, and the need for small and medium enterprises to grow to their full potential. The region’s governments are eager to preserve gains, address current issues, and lay foundations for the future. As such, top priorities include modernization of the public sector to improve efficiency and effectiveness of service delivery to citizens, accompanied by private sector growth based on improved competitiveness and increased productivity of enterprises. Strengthening the accounting, auditing, and financial reporting practices in the public and private sectors has an important role to play in this process.
In this regard, CReCER will do what it has always done best since its creation in 2007, support the region’s economic and development agendas, that is, use knowledge sharing and networking to help improve the financial reporting and accountability framework of the public and private sectors in countries throughout the region. This year’s theme, “Preserving Economic Gains and Investing in the Future – Promoting Growth through Improved Financial Accountability,” will also focus on two cross-cutting areas: (i) the urgent need to address current professional accountancy capacity constraints, and (ii) the present opportunity to harness the benefits of structured partnerships. CReCER 2015’s organization around four sub-themes acknowledges the unique but overlapping accounting and accountability needs of the public and private sectors.
Last Updated: Apr 20, 2015