Governments around the world are constrained in the area of finance. Mastering finance in government: Transforming the government enterprise through better financial management, a global study conducted by Deloitte Touche Tohmatsu (DTT) provides an unprecedented look at the world of finance.

The study, which includes feedback from more than 200 government officials from 28 countries, reveals that the ability of their organizations to audit their own financial accounts falls at or below an accepted baseline for the finance field. In fact, just over 25 percent reported their organization as having advanced or leading capabilities in identifying, managing or reporting financial risks.

Deloitte’s survey contains the complete research findings and explains how government leaders can improve their performance by beefing up their finance functions and using their financial expertise to make better program, policy and procurement decisions. There is evidence that governments are beginning to rethink the role of finance in their organizations and Deloitte’s report has included models from around the world that can be successfully replicated.

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