Public resources, properly governed.
Public sector institutions face the same financial accountability standards as regulated private entities — often with greater public scrutiny and a more complex governance architecture. CB Advisors applies the same depth of expertise to government and statutory bodies that it brings to regulated financial institutions.
The financial accountability standard that a public institution owes to citizens is no lower than the standard a regulated entity owes to its supervisor. The institutional capacity to meet it is rarely the same.
Most public sector institutions have not developed the financial management infrastructure of a supervised private entity. Reporting obligations are met through established routines rather than robust frameworks, internal controls are defined by practice rather than documented policy, and the capacity to respond to audit findings or ministerial scrutiny is often built reactively. The gap between what the institution reports and what it actually controls is the primary source of accountability risk.
CB Advisors transfers the financial governance and reporting disciplines of regulated financial institutions to the public sector context. Every engagement is adapted to the institution's specific mandate, accountability obligations, and operational environment — building the capacity to meet the accountability standard, not just satisfy its minimum requirements.
A public sector advisory mandate is structured in four phases — each adapted to the institution's statutory context, political accountability structure, and existing financial management capacity.
01
Diagnostic & Baseline Assessment
A structured review of the institution's financial management environment — existing reporting frameworks, treasury and cash management disciplines, budget execution practices, and internal control environment adequacy. Produces a prioritised gap analysis aligned with the institution's statutory mandate and applicable oversight requirements.
02
Framework Design
Development of the financial management architecture appropriate to the institution's mandate: internal control environment, treasury policy, budget performance monitoring framework, and the accountability structures required for statutory, ministerial, and multilateral reporting obligations.
03
Implementation & Capacity Support
Operational installation of the approved framework — documentation of policies and procedures, targeted support for the finance function in applying the framework, and preparation for external audit and oversight review. CB Advisors bridges the gap between framework design and institutional capacity.
04
Ongoing Advisory
Periodic review of framework performance, policy updates as the regulatory environment or operational circumstances evolve, and targeted advisory on specific technical questions — including support for SOE boards exercising financial oversight of executive management.
The principal deliverables of a full public sector advisory mandate. Scope is confirmed following the diagnostic phase and adapted to the institution's statutory mandate and accountability obligations.
- Financial management framework design and documentation
- Treasury policy and cash management control review
- Budget formulation, execution monitoring, and performance reporting
- SOE governance framework and board financial oversight support
- Statutory financial reporting and multilateral partner compliance
- Central government ministries and statutory bodies
- State-owned enterprises (SOEs) under ministerial supervision
- Autonomous public entities with independent governance mandates
- Municipalities and regional government institutions
- Multilateral-funded projects requiring financial management compliance
Public sector mandates are accepted subject to a preliminary scope assessment. CB Advisors works with a select number of clients at any one time to maintain the standard of attention each engagement requires.
Stewardship
by design.
CB Advisors accepts public sector mandates subject to a preliminary scope assessment.
Initial consultations are confidential and without obligation.