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Second ACOA: Promoting and Sustaining Accountability

Second ACOA: Promoting and Sustaining Accountability . Delivered by: Jonathan Nyamukapa (Regional FMC, AfDB ). Second African Congress of Accountants:- Promoting and Sustaining Public Accountability. Introduction

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Second ACOA: Promoting and Sustaining Accountability

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  1. Second ACOA:Promoting and Sustaining Accountability Delivered by: Jonathan Nyamukapa (Regional FMC, AfDB)

  2. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Introduction • Theme -the continuing relevance of the Accounting Profession in light of Africa’s rapid economic growth, as well as the profession’s role in strengthening the accountability machinery and good corporate governance across our continent. • My brief - "Promoting and Sustaining Public Accountability

  3. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Public Accountability • International Organization of Supreme Audit Institutions ( INTOSAI) describes it as: " public accountability pertains to the obligations of persons or entities entrusted with public resources to be answerable for the fiscal, managerial and program responsibilities that have been conferred on them, and to report to those that have conferred these responsibilities".

  4. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability • Key Elements • To ensure the safe custodyof those resources; • To ensure that when utilized, the resources are utilized solely for the intended purpose in an efficient, economic, and transparent manner; and • To provide timely and accurate reportsback to the public on the usage of the resources (feedback).

  5. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Safe custody: • Safe physical custody which is attained by introducing a regime of controls and restrictions to unauthorized access. • Safe Non-physical custody. Record keeping related

  6. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Usage of public resources solely for the intended purpose, in an efficient economic and transparent manner: • Combining the benefits of efficient accounting systems with the external oversight

  7. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Feedback To ensure that persons or groups utilizing public resources are answerable for their actions.

  8. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability The AfDB’s Contribution • Institutional Support Projects:- The Governance Division of AfDB is systematically providing institutional support targeted at strengthening key public financial management pillars, most notably: • Internal Audit:- • Supreme Audit Institutions:- • Parliamentary Public Accounts Committees:- • Fragile States Facility:- • Open Budget Initiative:- • Integrated Financial Management Systems (IFMIS):- • PAFA:-

  9. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Challenge to ACOA members in the Profession:- • Pro bono services?

  10. Second African Congress of Accountants:- Promoting and Sustaining Public Accountability Conclusion • Thank you.

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