(submitted by the Australian Delegation)
The 8th Annual Meeting of the Asia Pacific Parliamentary Forum,
Mindful of the pressures placed on the efficiency and integrity of public administration and of national financial and political institutions by globalisation and by the challenges of internet commerce;
Concerned at the effects on regional (international) economic and political stability of any perceived lack of transparency and accountability in government and public administration;
Confident that improvements in public accountability and parliamentary scrutiny will increase public confidence in political and financial institutions; Aware that internationally accepted public sector accounting and auditing standards are increasingly being adopted as the foundation of good corporate governance in both the public and private sectors of member nations;
To hereby establish a forum of the public accounts committees (or equivalent committees) of APPF member nations with the outcome of sharing information and expertise in the areas of parliamentary scrutiny and public accountability.