The International Federation of Accountants (IFAC) has said that the Association of National Accountants of Nigeria (ANAN) has huge leadership roles to play with the available manpower to grow the Nigerian economy.
The President of IFAC, Mrs. Olivia Kirtley, at a Breakfast Meeting in Abuja, with the President of ANAN, Anthony Nzom, and the Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, among others, made the charge.
She said that to grow the Nigerian economy, the roles of accountants are very important and remarkable, as Nigeria is one of the three countries that produce 75 per cent of accountants in Africa, making it a strong base for accounting profession.
“ANAN should educate politicians and governments at all levels on the need to have stronger professional Accountants. As an organisation, it should be a champion in knowing things that work well and those that are not working well for the economy.
“Accountants need to establish good relationship with government at all levels and the political class to have firm regulation of the profession,’’ Kirtley said.
According to her, the capability of accountants to provide financial information to companies and government is vital if accountants are really going to grow the economy.
She urged accountants to comply with the international code of ethics and do the right thing with the right information at their disposal if they are to move the economy in the right direction.
She suggested that with their continental leadership roles in accountancy, Nigerian accountants could help other African nations with the best practices in accounting profession.
“To really get high level of professional capability, there is need for capacity building. There should also be strong governance as a key element of accountability. We need to empower people to have strong flair for governance. Good governance is very key to accountability and transparency,’’ the IFAC president said.
However, ANAN President, Nzom, said that when officials of IFAC came to Nigeria in 2015, they were taken to the Nigerian College of Accountancy (NCA) in Jos, Plateau – the training arm of ANAN.
“Having come here on the invitation of our sister body – the Institute of Chartered Accountants of Nigeria, we felt we should use the occasion to tell you how much ANAN appreciates your leadership.
“Your leadership role has brought us to the forefront of the profession and made ANAN be rated high in Africa. We are now mentoring some accounting bodies in Africa like Malawi, which had been seeking our assistance. We were in Zimbabwe and they appreciated us,’’ Nzom said.
IFAC’s Executive Director Strategy and Chief Operating Officer, Alta Prinsloo, said the profession stood on three legs – transparency, accountability and high-quality information.
She spoke on IFAC Global Knowledge Gateway and the Memorandum of Understanding the global accounting body has put in place on capacity building.
“Your responsibility is to boost capacity of accountants to adhere to rules of corporate governance,’’ she said.
“ANAN should educate politicians and governments at all levels on the need to have stronger professional Accountants. As an organisation, it should be a champion in knowing things that work well and those that are not working well for the economy.
“Accountants need to establish good relationship with government at all levels and the political class to have firm regulation of the profession,’’ Kirtley said.
According to her, the capability of accountants to provide financial information to companies and government is vital if accountants are really going to grow the economy.
She urged accountants to comply with the international code of ethics and do the right thing with the right information at their disposal if they are to move the economy in the right direction.
She suggested that with their continental leadership roles in accountancy, Nigerian accountants could help other African nations with the best practices in accounting profession.
“To really get high level of professional capability, there is need for capacity building. There should also be strong governance as a key element of accountability. We need to empower people to have strong flair for governance. Good governance is very key to accountability and transparency,’’ the IFAC president said.
However, ANAN President, Nzom, said that when officials of IFAC came to Nigeria in 2015, they were taken to the Nigerian College of Accountancy (NCA) in Jos, Plateau – the training arm of ANAN.
“Having come here on the invitation of our sister body – the Institute of Chartered Accountants of Nigeria, we felt we should use the occasion to tell you how much ANAN appreciates your leadership.
“Your leadership role has brought us to the forefront of the profession and made ANAN be rated high in Africa. We are now mentoring some accounting bodies in Africa like Malawi, which had been seeking our assistance. We were in Zimbabwe and they appreciated us,’’ Nzom said.
IFAC’s Executive Director Strategy and Chief Operating Officer, Alta Prinsloo, said the profession stood on three legs – transparency, accountability and high-quality information.
She spoke on IFAC Global Knowledge Gateway and the Memorandum of Understanding the global accounting body has put in place on capacity building.
“Your responsibility is to boost capacity of accountants to adhere to rules of corporate governance,’’ she said.
International Federation of Accountants (IFAC) and the IIRC work together as strategic partners with a shared vision of the evolution of corporate reporting for the 21st century in which Integrated Reporting plays an important role, as does the alignment and clarity of corporate reporting frameworks, standards and requirements to drive coherence, consistency and comparability across the reporting landscape.
ReplyDeleteIFAC believes it is important for the accountancy profession to be involved in, influence, and drive the development of enhanced corporate reporting. In the diverse roles they perform, professional accountants are central to successful and relevant corporate reporting. Through innovation, leadership and capacity building, the global accountancy profession supports enhanced corporate reporting and the delivery of the vision for Integrated Reporting.
As the representative body of the global profession, IFAC specifically plays a key role in Integrated Reporting, advocating for its adoption through global institutions and its membership of professional accounting organizations.
The global adoption of Integrated Reporting will greatly depend on its acceptance in national jurisdictions and regions. IFAC therefore encourages its more than 175 member organizations in approximately 130 countries to promote awareness of Integrated Reporting; develop professional education and continuing professional development topics relevant to enhancing corporate reporting; and utilize their relationships, where appropriate, with governments and regulators to promote the global consistency and convergence of corporate reporting frameworks.
The IIRC and IFAC also believe that the Corporate Reporting Dialogue (CRD), facilitated by the IIRC, comprised of organizations that issue standards and frameworks with international impact can help to improve the quality and consistency of global corporate reporting to provide increased certainty for businesses and investors alike.
A good cooperation is important to make International Reporting concise.
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