Africa Congress of Accountants

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10 Νοε 2013 (πριν από 4 χρόνια)

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“Governance and Accountability in Africa”

Warren Allen, President

International Federation of Accountants

May 16, 2013

Accra, Ghana




2
nd

Annual

Africa Congress of Accountants


IFAC overview and vision


Independent standard
-
setting boards


Public sector financial
management
reform


Developing Africa’s PAOs


Financial Reporting Supply Chain


Importance of integration


Accountancy as a profession


Conclusion

Agenda



International Federation of Accountants


“That
the global accountancy
profession be recognized as a valued
leader in the development of strong and
sustainable organizations, financial
markets and economies
.”

IFAC Vision


The International Public Sector Accounting
Standards Board (IPSASB
)


The International Auditing and Assurance
Standards

Board (IAASB)


The International Ethics Standards Board for
Accountants (IESBA)


The International Accounting Education
Standards Board (IAESB)












Independent Standard
-
Setting Boards



“(T)he sheer symbolism of embracing
IPSAS and taking steps to implement
them at a time when more advanced
countries are peering doubtfully at it
through the window must be
celebrated for whatever it is worth.”


-

Sylva
Okolieaboh
, assistant director and GIFMIS
PFM team leader, in
Public Finance International

Public Sector Financial Management Reform


IFAC’s PAO Development Committee:


Raises
awareness of
accountancy;


Brings attention
to the need for a formal
profession;


Highlights
the economic and social benefits that
a formal profession can
bring;


Essential to achieving the desired levels of
transparency and accountability


Prerequisite to attracting required level of business
investment, whether local or foreign












Developing Africa’s PAOs






Financial Reporting Supply Chain


Preparing, publishing, analyzing, and using financial
reporting involves a complex arrangement of:


Participants


Standards


Mandated/voluntary requirements


Behaviors


Interactions




“I have no use for bodyguards, but I
have very specific use for two highly
trained certified public accountants
.”


-

Elvis Presley

Accountancy as a Profession

“We must ensure that the
global market
is embedded
in broadly shared values
and practices that reflect
global social needs, and
that all the world's people
share the benefits of
globalization
.”


-

Kofi Annan


Importance of Integration

www.ifac.org