Blog Article

Public sector - Report on CIPFA’s international seminar

Monday 13 July 2015

Politicians and other decision makers should be financially literate says one of Nigeria's top accountants. Chidi Ajaegbu, who was president of the Institute of Chartered Accountants of Nigeria, told delegates at CIPFA's international seminar in London on July 7 2015 that it was critical for politicians to understand the ins and outs of financial statements.

Mr Ajaegbu said: "The most important stakeholders are those that need information from the reporting accounting chain to make decisions and how it will impact on public finance. Most times they're politicians and it's actually really difficult to get them to sit down to understand the different numbers."

Another of the speakers at this important event was Fred Moore, Chief Executive Officer of the Institute of Chartered Accountants of Ghana. He offered suggestions on how the accounting profession could better engage with government, disclosing that ICAG was planning to conduct a quarterly review of the Ghana government's plan against the budget that they had set themselves.

The CIPFA seminar also featured presentations from Sidwell Mofokeng, vice president of the Institute of Municipal Finance Officers in South Africa, and Arjuna Herath, president of the South Asian Federation of Accountants of Sri Lanka, on the economic benefits of recruiting accounting professionals in government.

Over the last few years, IASeminars has welcomed hundreds of participants from more than 30 different countries to our events held around the world (and online) on topics of interest to the public sector including IPSAS, anti-fraud and corruption, governance etc.

As part of this public sector training initiative, IASeminars has also signed a number of important collaboration agreements with organisations including CIPFA, EY, the South African Institute of Chartered Accountants, the Association of National Accountants of Nigeria, and the Institute Of Chartered Accountants (Ghana).

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