Wednesday, March 29th, 2006
World Bank Public Seminar: Institutional Foundations for Sound Finance in Developing Countries
Manager of Financial Management John Hegarty speaks on the Importance of Financial Reporting
Mr. John Hegarty, Manager of Financial Management for Europe and Central Asia at the World Bank spoke on "Institutional Foundations for Sound Finance in Developing Countries: The Importance of Financial Reporting" at a WB Public Seminar held on March 29, 2006. Over 50 participants gathered at the TDLC with Kobe University and Hiroshima University joining the session via videoconference.
Mr. Yoshimura, Mr. Hegarty, Mr. Ariyoshi, Mr. Wakita, Mr. Shikibu
Mr.Hegarty was Secretary General of the Federation des Experts Comptables Europeens before joining the Bank, where he is responsible for fostering the development of financial management capacity. At the Seminar, he pointed to the lessons learned from the East Asia financial crisis of the 90s, highlighting the importance of robust financial reporting. With its mission of poverty reduction, Mr. Hegarty stressed that the Bank was an advocate of improved standards and compliance.
Prior to the presentation, Mr.Yoshio Okubo, Executive Director for Japan at the Bank connected from Washington to open the session. Mr.Akira Akiyoshi, Director of the Asia Pacific Regional Office, IMF, Mr.Yoshikazu Wakita, Commissioner of Certified Public Accountants and Auditing Oversight Board, Mr.Toru Shikibu, Deputy Commissioner for International Affairs, Financial Services Agency also participated as commentators. The Seminar was moderated by Mr. Yukio Yoshimura, WB Vice President and Special Representative for Japan.
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