Private sector accounting and auditing in africa
Download
1 / 11

Private Sector Accounting and Auditing in Africa - PowerPoint PPT Presentation


  • 111 Views
  • Uploaded on

Private Sector Accounting and Auditing in Africa. Patricia Mc Kenzie Sector Manager FM East and Southern Africa June, 18, 2013. What have we been doing…. Diagnostics - ROSC Accounting and Auditing 36 Finalised reports, 6 in-progress

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Private Sector Accounting and Auditing in Africa' - grover


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Private sector accounting and auditing in africa

Private Sector Accounting and Auditing in Africa

Patricia McKenzie

Sector Manager FM

East and Southern Africa

June, 18, 2013


What have we been doing
What have we been doing…

  • Diagnostics - ROSC Accounting and Auditing

    • 36 Finalised reports, 6 in-progress

    • South Africa – 2nd review – shares key best practices ( proposed issued date –June 2013)

  • Studies – Professional services trade policies

  • Dialogue in countries – Seychelles (Accountancy Law), Angola – establishment and strengthening of the PAO


What have we been doing cont
What have we been doing…(cont)

  • Capacity building initiatives

    • National level……..

      • Twinning arrangement success e.g Botswana – BIA & ICAEW

      • PAOs achieving IFAC Associate membershio Benin, Rwanda

    • Regional initiatives ….they include




Work in progress
Work in Progress……

  • Champion inclusion of the accounting and auditing agenda in policy dialogue of Regional Groupings – COMESA, CEMAC, African Union

  • Enhance dialogue on growth of the accountancy profession in Francophone

  • Support in implementation of IPSAS in Africa

    • Provide options to PAOs on how to include public sector subjects in Accountancy qualifications

    • Develop tools for PAOs to support with development of implementation strategies and reporting frameworks for countries moving to accrual accounting

    • Address Governance issues raised on IPSASB

  • Partner to host a round table for Fragile and Conflict countries – determine Accountancy reforms


Opportunities to contribute to growth
Opportunities to contribute to Growth

Support in strengthening PFM reforms

  • Accounting standards adoption – financial statements

  • Information systems and internal controls

  • Strengthen oversights: National Audit Offices, Internal audit, Public Accounts Committees

    Develop human capacity

  • Community of practices

  • Finance officers/ accountants – public sector

    ….. focus on youth


Opportunities to contribute to growth1
Opportunities to contribute to Growth

  • Enhance Management of Mineral Resources

  • Advocate for better Governance

  • Support Reforms that address vulnerabilities and shocks


Enhance management of mineral resources transfer revenue to public
Enhance management of Mineral resources – transfer revenue to public

Mineral resources discovery

Accountants role

Governance structures of the arrangement

Revenue management frameworks

Accountability frameworks


Governance
Governance

Governance challenges

Accountants role

Social accountability

Develop and implementation of regulations

Open data – accountability

  • Voice and accountability

  • Corruption

  • Regulatory effectiveness


Reforms to address vulnerability and shocks
Reforms to address vulnerability and shocks

Vulnerabilities, shocks

Accountants role

Diversification of economy

Research on risk mitigating measures

Climate change policies

  • Political violence /unrest

  • Dependence on 1 or few products

  • Environmental impacts e.g. earthquakes, floods

  • Terrorism, Piracy