Analysis on integrated financial management systems in Ecuador
At a glance
- Project leader : Prof. Dr. Andreas Bergmann
- Project team : Durlandy Andrés Cubillos Márquez, Christoph Schuler
- Project status : completed
- Funding partner : EU and other international programmes (Inter-American Development Bank IADB)
- Project partner : Ministerio de Economía y Finanzas del Ecuador, Inter-American Development Bank IADB
- Contact person : Andreas Bergmann
Description
The study is mainly concerned with integrated financial management in the public sector in the Republic of Ecuador. The focus lies on the four elements: budget, accounting, auditing and government financial statistics. Public financial management can be considered as integrated if all four elements are coordinated and aligned. Certain (international) standards (e.g. IPSAS) ought to be implemented and applied for all elements. As a result, it is possible to compare the values among all elements and to reuse the data. For example, the same account details should be used for the budget and accounting, so that the result of the year-end financial statement can be compared with the projected budget.