In international development, there is an obsession with Best Practice. This leads to the adoption of a Public Financial Management reform such as Accrual Accounting under the assumption that transparency follows. However, as Andrew Keith argues, these sophisticated systems often fail because there simply are not enough trained accountants to run them.
In this episode, Richard Ough, Favour Ogbadu, and Andrew Keith peel back the curtain on PFM reform. They explore the gap between policy and reality, the missing foundations required, and why a shortage of human capacity turns a gold-standard system into a digital burden.
Special thanks to our guest, Andrew Keith (PFM Expert), for his invaluable insight. Read Andrew's article here: The Problem With Accrual Accounting in Developing Countries' Public Sectors
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